Surgical Glove Maker Catapults Into Poland’s Stock Benchmark
- Mercator Medical to join Warsaw’s WIG20, replacing Alior Bank
- Obscure protective gloves maker has benefited from pandemic
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Mercator Medical SA will join Poland’s main stock index, capping a stunning rise for once little-known company that tapped into surging global demand for medical gloves at the height of the pandemic. It’s replacing Alior Bank SA.
The operator of a latex gloves factory in Thailand is valued at 3.7 billion zloty ($972 million) after a 4,141% rally last year. Hampered by virus-related provisions, Alior will lose its place in Warsaw’s WIG20 index of the biggest and most-traded stocks, effective March 22, the bourse said in a statement. Mercator gained as much as 2.3% and Alior slumped 3% on Friday.