{
  "id": 6572852,
  "title": "Glove stocks rebound on natural rubber supply concern, pushing healthcare index up 7pct",
  "url": "https://urgent.news/2026/09/10/glove-stocks-rebound-on-natural-rubber-supply-concern-pushing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T10:04:10.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1529940/glove-stocks-rebound-natural-rubber-supply-concern-pushing"
  },
  "original_language": "en",
  "account": "Glove stocks experienced a significant rebound on Thursday, driven by concerns over natural rubber supply, which pushed the healthcare index up by 7 percent. Among the four most actively traded counters on Bursa Malaysia, Top Glove Corp Bhd witnessed the most substantial surge, with its share price jumping by as much as 14 sen, or 23 percent, to an intraday high of 77.5 sen. This marked its highest level since June 18 and resulted in the company's valuation at RM6.29 billion, up from RM5.19 billion. The trading volume for Top Glove's shares surged to its busiest in nearly three months, with over 147 million shares changing hands. The rally in glove stocks coincided with a rise in natural rubber prices, with SMR20, the key price index for natural rubber, increasing by 14 sen, or 1.39 percent, to RM10.215 per kg. This price surge is part of a broader trend, as the price of natural rubber has climbed by 57.5 sen, or 5.96 percent, since September 1. The ongoing haze and forest fires in Indonesia, the world's largest producer of natural rubber, are expected to tighten supply, further supporting the price rise. Supermax Corp Bhd also benefited from the rally, climbing to an intraday high of 43.5 sen, its highest level in nearly ten months. Careplus Group Bhd, a smaller peer of Top Glove, saw its share price hit an intraday high of 11 sen, marking its highest level in over a year. The healthcare index, which initially opened at 1,476.74, surged to an intraday high of 1,585.97, its highest level since June 15, before closing at 1,584.29, marking its highest level since June 12. The index's performance stood in contrast to the broader market, which saw a decline in the FBM KLCI, falling 8.82 points, or 0.51 percent, to 1,705.52.",
  "summary": "KUALA LUMPUR: Glove stocks came roaring back on Thursday, with four counters among the most actively traded on Bursa Malaysia, as the healthcare index surged to a nearly three-month high amid higher natural rubber prices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}