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KUALA LUMPUR (July 16): Share prices of rubber glove manufacturers Hartalega Holdings Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd erased gains after opening higher today on profit taking as investors continue to weigh Malaysia s record high daily numbers of new Covid-19 cases. At the time of writing today, Hartalega s share price fell 21 sen or 2.75% to RM7.43, Supermax shed eight sen or 2.29% to RM3.42 while Kossan was nine sen or 2.74% lower at RM3.19. Top Glove Corp Bhd fell three sen or 0.74% to RM4.01. Earlier at 9am today, Hartalega s share price opened up five sen or 0.65% at RM7.69, Top Glove rose five sen or 1.24% to RM4.09, Kossan added four sen or 1.22% to RM3.32 while Supermax was four sen or 1.14% higher at RM3.54. ....
KUALA LUMPUR (July 7): Glove manufacturers have suspended their operations in Klang due to the Enhanced Movement Control Order (EMCO) in several districts in Selangor. Top Glove Corp Bhd, the world s largest glove manufacturer, said it is temporarily halting the operations of its medical glove factories in Klang, in compliance with EMCO directives. It added that it is awaiting clarification from the National Security Council on the matter, but did not give further details. The company looks forward to safely resuming operations at the appropriate time and continuing to produce its much needed medical gloves for frontliners and healthcare workers in Malaysia and globally. ....
Based on corporate announcements and news flow today, companies in focus tomorrow may include: Kuala Lumpur Kepong Bhd, IJM Plantations Bhd, Malaysia Smelting Corp Bhd, Top Glove Corp Bhd, Eversendai Corp Bhd, MSM Malaysia Holdings Bhd, Greatech Technology Bhd, Tiong Nam Logistics Holdings Bhd, Central Global Bhd, Yinson Holdings Bhd, Kejuruteraan Asastera Bhd, MQ Technology Bhd, Handal Energy Bhd and Fitters Diversified Bhd. ....
KUALA LUMPUR (April 15): Bursa Malaysia s benchmark index remained in positive territory at mid-morning today, supported by persistent buying in index-linked counters, especially rubber glove stocks. At 11.02am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.8 points to 1,601.08 from Wednesday’s close of 1,598.28. Top Glove Corp Bhd rose 18 sen to RM5.31, Hartalega Holdings Bhd increased 38 sen to RM9.85 and Supermax Corp Bhd advanced 33 sen to RM4.93. These stocks contributed a combined 6.958 points to the composite index. Buying interest in rubber gloves resurfaced as Covid-19 infections in the country continued to show an upward trend. New Covid-19 cases in Malaysia surged to 1,889 yesterday from 1,767 a day earlier the highest number of new infections since March 6. This brought the country s total confirmed cases to 365,829. ....
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