The smallpox disease (monkeypox) that appeared and spread in Europe, the United States (US) and parts of Australia again threatened human well-being after the spread of the Covid-19 epidemic slightly subsided.
Not to mention a hidden blessing but the stock of rubber gloves is seen to be gaining attention again due to the increase in cases of seeing monkeypox around the world.
According to media reports, there have been more than 80 confirmed cases since the outbreak of monkeypox in the western continent and among the most recent are in Israel, Switzerland and Austria.
As a result, Rakuten Trade Sdn Bhd's Vice President of Equity Research, Thong Pak Leng said investors were seen taking advantage of the monkeypox outbreak.
Even so, he thinks a rally on rubber glove stocks will not restore overall market sentiment as it is not as bad as the Covid-19.
Apart from that, TA Securities analyst, Tan Kong Jin also agreed as the fundamentals have not changed in recent times despite monkeypox making rubber glove stocks enter the rally.
During this morning's trading session,
Counter Top Glove Bhd gained 8 sen or 5.52% at RM1.53 with 14.47 million shares traded.
Hartalega Holdings Bhd counters added 19 sen or 4.53% to RM4.38.
Supermax Corp Bhd counters jumped 7 sen or 6.8% to RM1.10.
Kossan Rubber Industries Bhd counters rose 9 sen or 9 sen or 5.33% to RM1.78.
Careplus Group Bhd counters grew 4.5 sen or 7.89% at 61.5 sen.
Comfort Gloves Bhd counters jumped 2 sen or 2.96% to 69.5 sen.
Rubberex Corp (M) counters gained 3 sen or 4.2% at 74.5 sen.
