KUALA LUMPUR (May 7): Rubber glove manufacturers staged a rebound this morning, after sinking into the red, following comments made by one of the big four manufacturers over falling spot prices.

As of 10.21am, shares in Adventa Bhd, Hartalega Holdings Bhd, Careplus Group Bhd, Kossan Rubber Industries Bhd, Top Glove Corp Bhd and Supermax Corp Bhd were among Bursa Malaysia’s top 20 value gainers.

Adventa and Hartalega shares were the second and third highest value gainers respectively.

Adventa shares were up by 20 sen or 11.9% at RM1.88, yielding a market capitalisation of RM256.68 million. As for Hartalega, it was up 2.16% or 20 sen higher at RM9.45 apiece, valuing the company at RM32.39 billion.

Careplus and Kossan were the fourth and sixth top gainers respectively. Careplus shares were up 7.62% or 17 sen higher at RM2.40, valuing the stock at RM1.32 billion. In terms of trading volume, Careplus had seen 38.12 million shares done, making it the seventh most actively traded counter on Bursa.

As for Kossan, it was up by 3.48% or 14 sen at RM4.16, valuing it at RM10.64 billion.

Meanwhile, Top Glove and Supermax were the local bourse’s 14th and 15th top value gainers respectively.

Top Glove was trading 1.98% or 10 sen higher at RM5.16, which valued it at RM42.35 billion.

Supermax was 2.26% or 11 sen higher at RM4.98, yielding a market capitalisation of RM13.55 billion. It was the 18th most actively traded counter on Bursa so far, with 19.63 million shares done.

At the same time, shares in Comfort Gloves Bhd were up by 3.13% or seven sen at RM2.31, valuing the stock at RM1.35 billion.

At the time of writing, Bursa’s Healthcare Index was 1.68% or 51.94 points higher at 3,139.63, making it the best-performing index so far in terms of percentage gains today.

On Wednesday, Supermax said in its latest quarterly results announcement that as more new capacity was made available in the market, glove prices had started falling.

It noted that glove prices had dropped by 15% to 25%, and that spot market prices were lower than contracted prices.

The remarks led to most glove counters declining yesterday.