SINGAPORE (June 19): Thanks to Covid-19, personal protective gear are now red-hot commodities. Investors and analysts have also jumped onto the bandwagon, scooping them up with fervour. Several Singapore-listed glove-makers are enjoying a surge in both trading volume and prices as they experience “supernormal” earnings growth. As at June 9, Top Glove saw an average daily turnover of $1.03 million, up 3,764% since the start of the year. Meanwhile, UG Healthcare generated $2.51 million, up 20,991% while Riverstone Holdings logged a daily average of $3.02 million, up 1,744%. Year to date, Top Glove was up 3.07% to close at $5.05 on June 18, Riverstone was down 3.75% to $2.31 while UG Healthcare was up 0.63% to 80.5 cents.

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