[ad_1]
KUALA LUMPUR (September 11): Glove counters have made a comeback in Bursa Malaysia with a vengeance, topping the list of major winners in mid-afternoon as bargain hunters picked up stocks whose prices have dropped substantially since the start of the week. to profit taking.
At 3.04pm, the top winner Supermax pocketed 93 sen at RM7.03 from RM6.10 at yesterday’s close, with 84.71 million shares traded.
Runner-up Top Glove rallied 89 sen to RM7.34 from yesterday’s close of RM6.45 with 164.75 million shares changing hands.
The rise in the share value of the world’s largest rubber glove maker was seen after the company spent nearly RM100 million on share buybacks over the past two days.
Yesterday, Top Glove announced in an exchange presentation that it had purchased 14.93 million shares between RM6.12 and RM7.40 for a total of RM99.93 million.
That included a share buyback of 1.39 million shares for RM9.995 million that it announced on Wednesday.
Other glove-linked counters on the top winners list are Rubberex, which added 88 sen to RM5.18, Kossan rose 68 sen to RM10.38 and Hartalega advanced 48 sen to RM12.36.
Careplus put 29 sen to RM2.31 while Comfort Glove increased 22 sen to RM3.45.
Growth in glove counters sent the Healthcare Index soaring 185.52 points to 3,330.72.
Meanwhile, at 3.04pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index rose 0.03 points to 1,490.15 from Thursday’s close of 1,490.12, after opening 3.89 points easier at 1,486.23.
Gains on the 30 linked FBM KLCI counters were contributed solely by Top Glove and Hartalega, while the remaining 28 counters were trading in the red, including Maybank which fell nine sen to RM7.41, Tenaga was down 26 sen to RM11. 24 and Public Bank was 10 sen lower at RM16.08.
Overall, the market’s breadth was positive with the winners leading the losers 462 to 363, while 770 accountants remained unchanged, 451 untraded and another 33 suspended.
The total trading volume was 5.58 billion shares worth RM4.47 billion.
Of assets, XOX increased one sen to 19.5 sen, Macpie rose seven sen to 39 sen, Kanger International rose five sen to 26 sen, while Sapura Energy and Borneo Oil were unchanged at 10.5 sen and five sen respectively.
On the index board, the FBM Emas index expanded 42.89 points to 10,651.82 and the FBM Emas Shariah index strengthened 110.97 points to 12,483.80.
The FBM 70 jumped 190.09 points to 13,561.33, the FBMT 100 index was 36.55 points stronger at 10,474.58 and the FBM ACE rose 426.81 points to 10,124.32.
By sector, the Financial Services Index lost 68.81 points to 12,632.37, the Plantations Index fell 42.82 points to 6,979.28 and the Industrial Products and Services Index fell 0.53 points to 134.31.
Read also:
Supermax overtakes Bursa winners as bargain hunting in glove stocks returns
[ad_2]
