Glove makers up in early trade

KUALA LUMPUR: Shares of glove makers Top Glove and Supermax Corp were among the major gainers in early trade on Friday on rising optimism for the industry following the softening latex prices.
At 9.28am, Top Glove and Supermax were up 10 sen each to RM4.76 and RM1.94. The interest was also spurred on by Top Glove's stronger earnings.
The FBM KLCI
was up 3.23 points to 1,574.17, off the early high of 1,578. Turnover
was 76.79 million shares valued at RM45.33mil. Advancing counters beat
decliners two to one with 144 gainers to 74 losers while 135 counters
were unchanged.
Pharmaniaga
was the top gainer, hitting limit-up or RM1.49 to RM6.48 with 404,300
shares done, when it resumed trade after meeting the puboic spread
requirements. Its major shareholder, Boustead added 17 sen to RM5.25.
UMW rose 16 sen to RM8.55, MHB and Mudajaya 10 sen each to RM5.20 and RM2.78 while Bursa added nine sen to RM6.14.
Luster-WA was the most active with 16.82 million units done, up 0.5 sen to 3.5 sen. Its shares rose 0.5 sen also to eight sen.
Nestle was the top loser, down RM1.10 to RM54.10 in thin trade while KLK lost 66 sen to RM22.20, GAB eight sen to RM13.42 and Hap Seng Plantations down seven sen to RM2.91.