Glove stocks climb as Covid-19 cases climb globally

TheStar Mon, Oct 19, 2020 12:57pm - 3 years View Original


KUALA LUMPUR: Glove stocks advanced on Monday as global Covid-19 coronavirus cases crossed 40 million and there were expectations of a resurgence at the onset of winter.

Also chalking up solid gains were tech and semiconductor related stocks. Pharmaceutical stocks Pharmaniaga and Duopharma, which will pack the vaccines once available globally, also rose but were off the early morning highs.

At 12.30pm, the FBM KLCI was up 9.36 points or 0.62% to 1,513.20. Turnover was 5.64 billion shares valued at RM2.95bil. Advancers beat decliners 621 to 374 while 420 counters were unchanged.

Asian market rose, tracking Wall Street futures, on hopes of a new US coronavirus relief deal before the Nov. 3 presidential election, Reuters reported.

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