In the past, anxieties about the outbreak of viruses had seen healthcare stocks and glove makers share prices advancing in active trade.CGS-CIMB Equities Research is retaining its “overweight” outlook on glove makers with Kossan and Top Glove as top picks.
PETALING JAYA: Glove makers rallied as investors chased the stocks on expectations of a surge in demand following a new virus outbreak in Wuhan, China which is a strain of coronavirus.
Top Glove Corp and Hartalega Holdings Bhd
, which are part of the 30-stock FBM KLCI, were the biggest movers in the index, surging to their highest since January last year.
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