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Top Glove Jumps 21% as Omicron Variant Concerns Boost Outlook

  • Top Glove Corp., Hartalega Holdings surged with peers
  • Sector sees double-digit gains for second consecutive session
Top Glove jumped as much as 30%.

Top Glove jumped as much as 30%.

Photographer: Samsul Said/Bloomberg
Updated on

Top Glove Corp., the world’s biggest glove maker, surged on Monday to lead an advance in medical wear companies for a second session amid bets the emergence of the omicron coronavirus variant will boost demand for the industry’s products.

Top Glove Corp. jumped 21% in Malaysia, adding to Friday’s gains of 17%. Its peer Hartalega Holdings Bhd. advanced 13%, the most since January. Similar stocks listed in Singapore and Thailand also soared.