'Perhaps this is an opportunity for investors to fish in the health sector.'
Shares of the Malaysian rubber glove company showed a surge in momentum from yesterday after the World Health Organization (WHO) confirmed the discovery of more than 300 new mutations of the Omicron variant of Covid-19.
Looking at the Bursa Malaysia Healthcare index (KLHC), it surged 1.71% to pass the 1,600 level which is the highest record in 2 months as a result of the encouragement of rubber glove companies.
As of midday today, shares of Careplus Group Bhd rose 6.74% to 48 sen, Top Glove Corp Bhd added 3.97% to 78 sen and Supermax Corp Bhd reached 1.61% to 94 sen.
In addition, Hartalega Holdings Bhd gained 2.42% at RM2.13, Kossan Rubber Industries Bhd gained 1.64% at RM1.24 and Adventa Bhd jumped 2.82% at 73 sen.
Also showing positive movement were Pharmaniaga Bhd up 2.80% at 55 sen, IHH Healthcare Bhd added 0.50% at RM5.79 and KPJ Healthcare Bhd climbed 1.25% at 81 sen.
Returning to the news of the discovery of 300 new mutations of the Omicron variant, Maria Van Kerkhove, WHO's Technical Head of Covid-19, made the disclosure via Twitter.
His comment is that there is a possibility of an increase in the rate of new infections with the appearance of nearly 300 mutations of Omicron variants.
He also explained that 80% of the mutations come from the BA.5, BA.2, BA.2.10.1 and BA.2.75 variants which are categorized as variants with a high infectious rate by the WHO.
