Global flu triggers panic, glove stocks surge

Overnight, the three major US stock indexes rose and fell. The Malaysian stock market fell this morning, ending the previous three consecutive days of opening higher. As of 9:10, the KLCI fell 0.97 points or 0.06% to 1584.20 points.

The KLCI opened at 1583.62 points this morning, 1.55 points lower than yesterday’s closing of 1585.17 points. The KLCI performed weakly in the morning, falling to 1582.95 points at one point, and is currently at 1584.20 points.

As of this period, the trading volume of the Malaysian stock market was 165.66 million shares, and the trading value was RM103.34 million. There were 191 rising stocks, 130 falling stocks and 245 flat stocks in the market.

As more flu cases emerge around the world, people are starting to get vaccinated and buy anti-epidemic equipment. Glove stocks attracted some buying interest, pushing the healthcare index up 1.1%.

Among them, Supermax (SUPERMX, 7106, Main Board Healthcare Stock) performed well, rising 4 sen or 3.3% to RM1.24, with a trading volume of 13.18 million shares, becoming the third most popular stock in the Malaysian stock market.

On the other hand, Lotte Chemical Titan (LCTITAN, 5284, Main Board Industrial Stock) announced its biggest loss since its listing yesterday, which impacted investor confidence and dragged its share price down 3 sen or 5.2% to 54.5 sen this morning, setting a new low since its listing.

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