Glove stocks rebound on rising concerns over hantavirus


KUALA LUMPUR: Shares of glove makers rebounded on Monday following growing global concerns over a hantavirus outbreak linked to a cruise ship.

Malacca Securities Sdn Bhd said trading interest could continue to favour glove counters, at least in the near term.

Top Glove Corporation Bhd emerged as the most actively traded stock on Bursa Malaysia today.

At 11.38 am, Top Glove advanced 4.60 per cent, or 3.5 sen, to 80.5 sen, while Hartalega Holdings climbed 4.87 per cent, or six sen, to RM1.29. Supermax Corporation gained 4.87 per cent, or 1.5 sen, to 34.5 sen, while Kossan Rubber Industries rose 4.95 per cent, or six sen, to RM1.27.

Media reports said the US Centers for Disease Control and Prevention (CDC) has classified the outbreak as a Level 3 emergency response, the agency’s lowest emergency activation level.

The outbreak, involving the Andes strain of hantavirus, has resulted in five confirmed cases, including three deaths, according to World Health Organization (WHO) officials.

On Friday, Health Minister Datuk Seri Dr Dzulkefly Ahmad confirmed that no Malaysians were on board the MV Hondius cruise ship.

He added that the ministry is closely monitoring developments surrounding the spread of hantavirus infections following reports of cases globally.  - Bernama

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