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KUALA LUMPUR (Sept. 14): Glove stocks continued to rally among the top winners as Top Glove Corp Bhd led the pack in the morning’s bargain-hunting trading session after being under heavy sell-off last week .
At Bursa Malaysia this morning, the list of winners was dominated by glove stocks and their structured warrants.
Top Glove had rallied as much as 32.25% to RM8.53 at 10.12am. M., after falling to its low of RM6.45 last week, bringing the market capitalization of the stock to RM69.21 billion. He saw some 52.51 million shares change hands.
Its Top Glove-C65 structured collateral, which fell to RM3.37 last week, rose as much as 27.9% to RM4.31.
The rally at Top Glove was also supported by its latest announcement that it will release its financial results for the fourth quarter ending August 31, 2020 (4QFY20) and the full financial year on Thursday.
Meanwhile, Supermax Corp Bhd, which fell to RM6.10 last week, saw its share price rise as much as 36.88% to RM8.35, while its Supermax-C80 structured guarantee rose 33.33% to RM10.40 after drop to RM7.80 last week.
Supermax-C83, another structured warrant, was up 31.17% to $ 10.10 after falling to its low of $ 7.70 earlier. Supermax-C77 was up 36.3% at RM7.66, compared to last week’s sale at RM5.62.
After falling to RM11.88 last week, Hartalega Holdings Bhd’s shares rose 12.3% to RM13.34. This brought its market capitalization to RM42.64 billion. He saw some 6.38 million shares traded.
Meanwhile, Kossan Rubber Industries Bhd was up 17.73% to RM11.42 after falling to RM9.70 last week, while Careplus Group Bhd was up 53.46% to RM3.10, compared to the price of last week from RM2.02.
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