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The Bursa Malaysia Health Care Index was among the indices that remained high on Monday morning as stocks of rubber glove manufacturing soared after a new variant of Covid-19, Omicron was spotted in more countries.
The Health Care Index jumped 124.41 or 5.21% to 2,512.26.
As of 10.17am, it had slipped slightly in gains at 2,509.55 still high of 121.1 or 5.07.
In comparison, the FBM KLCI declined 5.29 points or 0.35% at 1,506.93.
Among the most profitable were Hartalega Holdings Bhd up 52 sen or 9.2% at RM6.17, Top Glove Corp Bhd up 41 sen or 15.52 at RM3.05, Supermax Corp Bhd up 27 sen or 14.59% at RM2.12, Kossan Rubber Industries Bhd grew 20 sen or 9.13% at RM2.39, Careplus Group Bhd rose 20 sen or 16.39% at RM1.42, Comfort Gloves Bhd increased 18 sen or 14.75% at RM1.40 and Rubberex Corp (M) Bhd climbed 14.5 sen or 25.22% at 72 cents.
According to Rakuten Trade's head of research, Kenny Yee, said the rise in shares of rubber gloves was due to the emergence of new variants that were worrying but added that it was only temporary.
Reuters reported on Sunday on new cases of Omicron coronavirus variants identified in the Netherlands, Denmark and Australia.
The World Health Organization (WHO) reports it remains unclear whether Omicron which was first detected in South Africa is more contagious than other variants or if it causes more severe disease.
