Quick take: Glove counters heavily traded on Friday morning
KUALA LUMPUR: Glove counters emerged as the most active on Friday as Top Glove Corp Bhd, Careplus Group Bhd, HLT Global Bhd and Supermax Corp Bhd were heavily traded.
At 9.44 am, Bursa Malaysia's Health Care Index rose 24.5 points or 1.47% to 1,693.4 points. All indices on Bursa Malaysia were down.
Shares in glove makers advanced against the backdrop of a spike in Covid-19 infections in China.
Top Glove saw 27.41 million shares traded. The counter climbed 3.5 sen to 79 sen.
Careplus added three sen to 45.5 sen with 18.42 million shares done while HLT gained 2.5 sen to 24.5 sen with 9.81 million shares traded.
Supermax climbed four sen to 83 sen with 7.35 million shares done and Hartalega added three sen to RM1.70 with 4.82 million shares changed hands.
TA Securities said Supermax will need to climb above the 200-day MA (87sen) convincingly to fuel further upside momentum towards 96 sen and RM1.07 ahead, while the lower Bollinger band (71sen) limits downside risk.
“Top Glove needs a confirmed breakout above the 100-day ma (80sen) to boost upside momentum and target 90sen and RM1.00 going forward, with downside risk cushioned by the lower Bollinger band (66sen),” it said.
https://www.thestar.com.my/business/business-news/2022/12/23/quick-take-glove-counters-heavily-traded-on-friday-morning
Singapore Investment
-
-
首届「香港好物节」8月正式展开41 minutes ago
-
-
-
-
Lloyds Bank4 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Few Reflections1 day ago
-
Die With Zero (Bill Perkins)1 day ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Weekly Market Outlook5 days ago
-
-
-
Top 5 Dividend Stocks on SGX6 days ago
-
Be anti-fragile6 days ago
-
-
-
-
-
-
-
-
-
-
-
随心笔:忧郁1 week ago
-
-
-
Finance Investment Movement 471 week ago
-
-
-
-
-
SG GEMS 2024 by AlphaInvest2 weeks ago
-
-
Lentor Hills Residences2 weeks ago
-
MIT vs MLT. Which To Choose?2 weeks ago
-
-
-
-
Monthly IBKR Update – June 20242 weeks ago
-
-
-
At the Half Year Mark3 weeks ago
-
-
-
-
-
-
Portfolio Summary for June 20243 weeks ago
-
-
-
-
-
Jun 2024 Portfolio3 weeks ago
-
Gone Fishing3 weeks ago
-
2Q 2024 Investment Strategy Update3 weeks ago
-
A Giant Sucking Sound…4 weeks ago
-
-
Portfolio (June 30, 2024)4 weeks ago
-
-
Oh My Spins Casino Login App4 weeks ago
-
-
-
-
-
-
-
-
Free money again! Don't say #bojio.1 month ago
-
-
-
-
-
-
-
Breakthroughs in portfolio :)2 months ago
-
Bond Coupons vs Rental Income2 months ago
-
-
-
Resilience and Adaptability = Confidence2 months ago
-
-
-
China’s going downhill?2 months ago
-
-
iFAST 1Q24: Firing on all cylinders2 months ago
-
-
2024 (Portfolio Update)3 months ago
-
-
Feb 2024 Expenditure4 months ago
-
New Bitcoin All Time High Before Halving4 months ago
-
-
-
The Market Is A Scam!4 months ago
-
-
-
-
Options Trading Journal Jan 20245 months ago
-
-
-
-
-
Year 2023 DIYQuant Portfolio Performance Report6 months ago
-
Monthly Summary of November 20237 months ago
-
Migration of website8 months ago
-
-
-
-
-
-
-
-
-
-
-
-
A New Light1 year ago
-
-
-
-
-
-
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment2 years ago
-
Terra Hill Condo (former Flynn Park)2 years ago
-
Alibaba VS Tencent: The Battle Royale2 years ago
-
-
-
-
-
-
-
-
-