Quick take: Glove stocks jump amid spread of new Covid variant


KUALA LUMPUR: The share prices of latex glove manufacturers jumped in morning trade in tandem with a renewal of interest in glove stocks as the identification of a new strain of Covid-19 virus in several global economies raised fears of yet another wave of the pandemic.

At 10.20am, public-listed glove stocks recorded share price increases of between 9% and 25%, even as Bursa Malaysia succumbed to further selling pressure on the back of the negative news.

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