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.

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Gloves , FBM KLCI , Top Glove , vaccine ,

   

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