(Kuala Lumpur, 23rd) After the reversal of China's epidemic prevention policy, the outbreak of the new crown epidemic was triggered. Foreign media pointed out that China's epidemic nightmare may turn into a global catastrophe. Glove stocks will become investors' favorites again. The Malaysian stock market fell nearly 1460 points at one point, but under the strong trend of glove stocks, the health care index became the most outstanding performance of the audience.
The 15 major indexes of the Malaysian stock market almost collapsed, but the healthcare index rose by 1.32%. Top Glove (TOPGLOV, 7113, Main Board Healthcare Group) was driven by buying today. It once stood at 80 cents, up 4.5 cents. As of 11:30, it was at 79 cents, up 3.5 cents , the trading volume was as high as 55.588400 shares.
Care Pls (CAREPLS, 0163, GEM Healthcare Group) is the third most popular stock. This morning, it has a strong trend, with the highest standing at 46 cents. As of 11:30, it was tentatively reported at 45 cents, up 2.5 cents, and changed hands 29,327,200 share.
The other three kings of glove stocks, Supermax (SUPERMX, 7106, the main board healthcare group), Kossan (KOSSAN, 7153, the main board healthcare group) and Hartalega (HARTA, 5168, the main board healthcare group) are also stable go higher. Supermax rose from 2.5 sen to 81.5 sen, with a turnover of 11.562 million shares; Kossan and Hartalega each rose 2 sen, hanging at 1 ringgit 11 sen and 1 ringgit 69 sen, respectively, with a turnover of 2,458,300 shares shares and 9,671,300 shares.
As for the FTSE Composite Index, although it opened higher this morning, slightly up 0.81 points to 1469.16 points to welcome the market, but under the drag of the overall sentiment, it once fell as low as 1460.57 points in the intraday session, down 7.78 points; as of 11:30, it was suspended at 1466.58 points points, down slightly by 1.77 points.
Declining stocks totaled 384, beating gainers by 251, while 368 stocks were flat. Volume was 1,041,819,600 shares worth RM516,170,512.
Breaking news: China want the glove manufacturer supplier to ramp up the production to support the potential high demand and build up inventory from the rising China Covid19 cases.
Glove stocks turn around and Top Glove Jiahu Group ranks among the top three popular stocks Sinchew Fri, Dec 23, 2022 02:59pm - 12 minutes
(Kuala Lumpur, 23rd) China's epidemic worsened, and glove stocks rose again against the wind, driving the health care index to surge 1.77% in the first half of the day . Group) is more sought after by investors, and squeezed into the top three positions of popular stocks!
Top Glove, which has always been hotly traded, remains undiminished today, and its price has risen due to investors' pursuit. The market closed from 4 cents to 79.5 cents, with 62,988,300 shares bursting the audience; Jiahu Group also traded 2.5 cents or more 5.88% to 45 sen, with a half-day trading volume of 30.9033 million shares, making it the third most popular stock.
Supermax (SUPERMX, 7106, Main Board Healthcare Group) and Kossan (KOSSAN, 7153, Main Board Healthcare Group) both rose 3 cents to 82 cents and 1 ringgit 12 cents respectively; Supermax half-day trading recorded 12,662,400 shares.
Hartalega (HARTA, 5168, Main Board Healthcare Group) once rushed to RM1.73 in early trading, up 6 cents or 3.59%, and narrowed to 1 cent when the market closed, to RM1.68. 11,629,600 shares changed hands in half a day .
Rehabilitation gloves (COMFORT, 2127, Main Board Industrial Products Service Group) closed from 0.5 cents to 48 cents; Dazi Health Insurance (HEXCARE, 7803, Main Board Healthcare Group) was flat at 37.5 cents.
Analysts believe that although glove stocks have rebounded due to investors' pursuit today, the three major factors of continuous oversupply of gloves, raw material prices and a strong US dollar will continue to affect the glove industry's profit and stock price performance next year, so they maintain a "neutral" rating.
TA Securities said in the report that the demand for gloves has begun to normalize after the super high profit due to high demand during the COVID-19 pandemic. Customers’ excessive hoarding and oversupply have led to a slowdown in orders. Investors are worried that the average selling price of gloves will fall further. Maintain a wait-and-see attitude, exacerbating the stock price decline. High energy costs and tighter margins due to a minimum wage have also further hit corporate profits.
Global anti-epidemic 52% of a flight positive Italy mandatory screening of Chinese immigrants December 29, 2022 China Travel China Coronavirus Associated Press (Rome, 29th) The severe epidemic situation in China has raised the alarm in various countries. Italian Health Minister Orazio Schillaci said on the 28th that he has ordered mandatory screening for all passengers entering from China.
Italy's Lombardy region, which took the lead in implementing mandatory screening, recently discovered that about half of the passengers from China on two flights tested positive for the coronavirus.
China announced the opening of border controls on January 8. It is expected that a large number of Chinese tourists will wait to board the plane for "retaliatory tourism".
According to comprehensive foreign reports, Schillaci told Congress on the 28th, "I have ordered the mandatory screening of all inbound or transit passengers from China, and those who are positive must undergo virus gene sequencing."
He said this measure will help Italy monitor and identify virus variants to protect the well-being of the country's people.
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China suddenly relaxed the strict zero-clearing measures, and the epidemic spread rapidly immediately, and the number of new confirmed cases increased rapidly across the country.
The northern Italian region of Lombardy has introduced mandatory entry screening, a day earlier than the rest of the country, with authorities pointing out that samples collected at Milan Malpensa Airport had been sent to a central facility for screening analysis.
The Lombard authorities pointed out on the 28th that about half of the screening results of passengers from China were positive. Of the two flights that arrived on the 26th, 35 of the 92 passengers on the first flight tested positive, with a positive rate of 38. %; 120 passengers on the second flight, a total of 62 people tested positive, the positive rate was as high as 52%.
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Relevant measures for Chinese inbound tourists are currently set to last at least until January 30, 2023.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Zenithopia
1,451 posts
Posted by Zenithopia > 2022-11-30 09:45 | Report Abuse
today vol not big....will surge anytime.? let's see.