Home Business Glove stocks surge as Covid-19 declared pandemic, but KLCI down 1.4%

Glove stocks surge as Covid-19 declared pandemic, but KLCI down 1.4%

Glove stocks surge as Covid-19 declared pandemic, but KLCI down 1.4% 1

PETALING JAYA: Glove stocks on Bursa Malaysia rallied today after the World Health Organisation declared the novel coronavirus outbreak a pandemic.

At the noon break, Top Glove Corp Bhd was the top gainer, rising 39 sen to RM6.67.

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Kossan Rubber Industries Bhd, Hartalega Holdings Bhd and Supermax Corp Bhd also gained 27 sen, 16 sen and 9 sen to RM5.39, RM6.64 and RM1.82, respectively.

However, the KLCI tumbled 20.06 points or 1.39% to 1,423.77 points on concerns over the Covid-19 impact on the economy.

Globally, there are 118,000 confirmed cases with more than 4,000 deaths reported.

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