KUALA LUMPUR (Aug 5): Glovemakers continued to attract investors in the afternoon trading session, excluding Hartalega Holdings Bhd and Comfort Gloves Bhd.

At 3.30pm, shares of Hartalega were down four sen or 0.2% at RM19.90, bringing the market value of the counter to RM69.21 billion. It saw 9.51 million shares traded.

However, analysts covering Hartalega raised their target prices for the stock above RM20 amid expectation the nitrile glovemaker will deliver stronger earnings in the second financial quarter ending Sept 30, 2020 (1QFY21).

Comfort Gloves’ share price was half a sen or 0.75% lower at RM6.63, bringing the market value of the glove maker to RM3.87 billion.

Meanwhile, glove counters Supermax Corp Bhd, Kossan Rubber Industries Bhd and Top Glove Corp Bhd were among the top gainers across Bursa Malaysia.

At the time of writing, Supermax rose 3.93% or 88 sen to RM23.30, valuing the counter at RM31.61 billion with 24.77 million shares changing hands.

Meanwhile, shares in Kossan were 26 sen or 1.38% higher at RM19.10 with a market capitalisation of RM24.48 billion.

Top Glove went up 12 sen or 0.42% to RM28.48, bringing the market value of the counter to RM77.07 billion. It saw 13.43 million shares transacted.

Other glove stocks also chalked up gains; shares in Careplus Group Bhd rose half a sen or 0.93% to RM5.42, with a market value of RM2.93 billion, while Rubberex Corp (M) Bhd went up nine sen or 1.34% to RM6.81, with a market value of RM1.89 billion.