With a third wave of the Covid-19 pandemic spreading across Europe, due to the more contagious B.1.1.7 variant of the virus or better known as the UK variant, there is a high likelihood for momentum trades in glove stocks.
KUALA LUMPUR: TA Securities Research expects buying interest in the local market should sustain this week with selective nibbling in undervalued blue chips, gloves and selective oil and gas stocks.
In its strategy report on Monday it said with a third wave of the Covid-19 pandemic spreading across Europe, due to the more contagious B.1.1.7 variant of the virus or better known as the UK variant, there is a high likelihood for momentum trades in glove stocks.
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