KUALA LUMPUR (July 28): Shares of Hartalega Holdings Bhd rose to another record high today, as investors switched away from its peers that have outperformed the counter over the past month.

At the time of writing, shares of the KLCI component stock jumped 8.2% to RM19.82, valuing the group at RM67.98 billion with 11.77 million shares traded.

In terms of market capitalisation, Hartalega, which is now fourth on the list across Bursa Malaysia, is closing the gap with Public Bank Bhd to under RM100 million, and just over RM2 billion behind Top Glove Corp Bhd’s RM70.14 billion at the time of writing.

At the time, Public Bank shares traded unchanged at RM17.52. Top Glove shares climbed 12 sen or 0.46% to RM26, valuing the group at RM70.14 billion.

Yesterday’s glovemaker rally was led by Kossan Rubber Industries Bhd, which fell 52 sen today before rebounding — but still down — to RM16.56, valuing the group at RM21.18 billion.

Supermax Corp Bhd shares meanwhile climbed 92 sen or 5.28% to RM18.36 for a market capitalisation of RM24.9 billion.

Over the past month, Hartalega’s rally was weaker than its big-cap peers with a 54% rise versus gains of 64% for Top Glove, 100% for Kossan and 127% for Supermax respectively.

Today, other smaller glovemakers also traded in the green, namely Comfort Gloves Bhd (up 21 sen or 4.43% to RM4.94), Rubberex Corp (M) Bhd (up 44 sen or 11% to RM4.44) and Careplus Group Bhd (up 4 sen or 1.31% to RM3.08).