Top Glove, Hartalega, Kossan and Supermax were among the most heavily traded stocks today.
Top Glove Corporation Bhd and one of its warrants were the most actively traded on Bursa Malaysia today. The stock rose as much as 10% or 7 sen to 79 sen before closing 5.6% higher at 76 sen, valuing the the world’s largest glove manufacturer at RM6.25 billion.
A total of 91.7 million shares were traded while its warrant (C5M) saw 103.9 million units changing hands at 7.5 sen per warrant.
Hartalega Holdings Bhd was the sixth most actively traded stock with 51.2 million shares traded. It rose as much as 12% to RM1.32 before paring its gains to close 4.2% higher at RM1.23, valuing it at RM4.2 billion.
Supermax Corp Bhd and Kossan Rubber Industries Bhd were the 19th and 23rd most traded stocks with 25.9 million shares and 23.9 million shares changing hands, respectively.
Kossan jumped 7.1% to RM1.21 while Supermax rose 4.8% to 33 sen with their market capitalisations at RM3.1 billion and RM1.06 billion, respectively.
Investors who bought Malaysian glove stocks just prior to the outbreak of the Covid-19 pandemic made a killing as the stocks reached stratospheric levels in the intervening months.
Demand for medical gloves skyrocketed as the pandemic spread to every nation on the planet, resulting in a revenue and profit surge for local glove makers.
For example, punters who snapped up Supermax shares as news of the Covid-19 pandemic broke, and sold near the all-time high saw a massive return of over 20 times or 2,000%.
Countries worldwide have sought to prevent further spread of the hantavirus after the outbreak on the MV Hondius resulted in the deaths of three people – a Dutch couple and a German national.
At least eight cases have been reported so far, including three dead, five confirmed and three suspected, according to the World Health Organization, which stated “the risk to public health remains low”.
Various governments are tracking those who had disembarked before the virus was detected and anyone in close contact with them since. The cruise ship is currently sailing from Cape Verde in the Atlantic to the Spanish island of Tenerife.
Hantaviruses are a group of viruses carried by rodents, and humans are usually infected through contact with infected rodents, their urine, droppings or saliva.
The health ministry (MoH) confirmed today that no Malaysians were on board the MV Hondius.
Health minister Dzulkefly Ahmad said communication with Singaporean health authorities revealed that two Singaporean crew members from the vessel tested negative for the virus. He said while the situation is contained, the ministry remains at its highest level of preparedness.
He also warned the virus carries a high fatality risk, noting that mortality rates for the Hantavirus Pulmonary Syndrome can reach between 30% and 40%. - FMT
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