Vaccine or not, glove makers roll on


Top Glove Corp Bhd, which is also a component of the FBM KLCI, bucked the negative day yesterday, rising 16 sen to RM8.80. The FBM KLCI declined 19.91 points, or 1.32%, to 1,489.56 but the broader Bursa Malaysia had a positive bias to it with 637 gainers versus 373 losing stocks.

PETALING JAYA: A vaccine for the Covid-19 may be ready by year-end, the World Health Organisation (WHO) has said, but that has hardly made a dent on glove makers who continued to trade with resilience on Bursa Malaysia.

Glove makers were unmoved by the news and this is likely due to such similar reported developments of potential vaccines that had already been publicised earlier, which had been priced in these stocks.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Gloves , FBM KLCI , Top Glove , vaccine ,

   

Next In Business News

Confronting some uncomfortable truths
EPB plans to develop automation and robotic technology
Fixing the creaking public healthcare system
SimeProp in sync with government’s housing aims
Ringgit finds strength amid weak US dollar
The effects of Trump’s protectionist policies if he wins the race
Addressing the immediate need for skilled workers
Seven & i takeover proposal tests Japan’s commitment to M&A
Why are Main Market IPOs declining?
LBS DELIVERS STEADY GROWTH IN Q2FYE2024

Others Also Read