Business

Glove counters dip on profit taking despite recent uptrend

Uptrend cools down after several days of hopeful buying amid fears over Covid-19 case resurgences globally

Updated 5 years ago · Published on 20 Apr 2021 9:15PM

Glove counters dip on profit taking despite recent uptrend
Domestic glove counters, which have been rallying for the past few days due to continued interest over Covid-19 resurgences worldwide, fell again amid profit-taking activities. – Bernama pic, April 20, 2021

KUALA LUMPUR – Glove stocks fell amid profit-taking activities today following a recent uptrend.

At 3pm, Top Glove 1%, or six sen, to RM5.40 with 11.73 million shares changing hands.

Hartalega dropped 1.4%, or 14 sen, to RM9.90 with 2.92 million units transacted, while Supermax was flat at RM5.44 with 21.97 million shares traded.

These counters had rallied over the last few days due to continued interest amid fears over the resurgence of Covid-19 cases domestically and globally.

Yesterday, the World Health Organisation (WHO) said new Covid-19 infections worldwide had increased for the eighth week running, with a record 5.2 million cases reported last week.

WHO director-general Tedros Adhanom Ghebreyesus said deaths also rose for the fifth straight week, pushing the global death toll to over three million. – Bernama, April 20, 2021

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