HEALTHCARE STOCKS CONTINUE TO DICTATE LOCAL BOURSE
KUALA LUMPUR, Sept 28 -- Healthcare-linked companies continue to dictate the direction of the local stock market, as seen by their bullish momentum recently, according to Malacca Securities Sdn Bhd.
The stock brokerage said the sector, particularly glove and personal protective equipment (PPE) players, may continue to dominate trading sentiment as the number of new infections across the globe remained elevated.
Concurring with this view, Rakuten Trade foresees follow-through buying interest in glove and healthcare related stocks as well as vaccine stocks as the COVID-19 cases continue to rise globally and locally.
“Hence, investors should take positions to ride the wave of trading opportunities,” it said.
At 10.45 am, shares of Hartalega jumped 54 sen to RM17.54 while Top Glove rose 11 sen to RM8.92.
These two counters contributed 3.63 points and 1.83 points respectively to the benchmark FTSE Bursa Malaysia KLCI.
Among all the indices, the healthcare sector gained 1.48 per cent or 55.95 points to 3,828.68.
-- BERNAMA
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