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PETALING JAYA: There has been a change in how some brokerage houses are viewing the risks that are associated with rubber glove and healthcare stocks.
KUALA LUMPUR: CGS-CIMB Equities Research is staying Overweight on glove makers as their order book visibility remains strong until 1HCY21F and average selling prices (ASPs) have continued to increase in the near term.
KUALA LUMPUR: Bursa Malaysia advanced on Tuesday as counters rebounded from a two-day sell-off although trading activity continued to taper from recent highs.
Local bourse closes below psychological level for 11th session
KUALA LUMPUR: The FBM KLCI ended in the negative territory on Monday, weighed down by selling in glovemakers and selected blue-chip stocks.
KUALA LUMPUR: Windfall tax risk for glove makers after their supernormal profits and surge in share prices saw investors take some money off the table.