The Employees Provident Fund (EPF), which is the largest pension fund in the country, has been actively trading healthcare-related stocks and eventually raised its holdings in some of the companies. It now holds 5.24% in Top Glove Corp Bhd, 8.52% in Kossan Rubber Industries Bhd and 7.65% in Duopharma Biotech Bhd
PETALING JAYA: Following the exodus of retail investors from the stock market towards the fourth quarter of 2020, the normalising market movements are seeing a resurgence of a healthcare theme play, especially in the rubber glove makers.
Their share prices have seen a correction of up to 50% recently, but renewed interest among investors has driven the counters back up, amidst the rising number of coronavirus disease (Covid-19) cases globally. However, the sustainability of the rally remains in question.
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