PETALING JAYA: Following the exodus of retail investors from the stock market towards the fourth quarter of 2020, the normalising market movements are seeing a resurgence of a healthcare theme play, especially in the rubber glove makers.
Their share prices have seen a correction of up to 50% recently, but renewed interest among investors has driven the counters back up, amidst the rising number of coronavirus disease (Covid-19) cases globally. However, the sustainability of the rally remains in question.
JF Apex Securities Research said the market is divided on the sustainability of the sector’s price run as a result of earlier-than expected vaccine availability, especially in China.
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