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The Star – Quick Take: LKL Shares Hit All-Time High

KUALA LUMPUR: LKL International Bhd, which has been on an uptrend, hit an all-time high as Covid-19 transmissions continue in large economies and parts of Asia. The medical/healthcare beds, peripherals and accessories provider rose 11.43%, or 10 sen to 97.5 sen, its all-time high. It is one of the top gainers on Bursa Malaysia with over 85 million shares traded. Shares of healthcare and medical equipment companies have become the spotlight as medical services take centre stage amid the Covid-19 crisis. Rubber glove counters have been leading the pack with the greatest growth in share prices as they hit new highs almost daily. Analysts said the appetite for gloves and healthcare-related companies would stay firm. Australia’s second-most populous state of Victoria declared a state of disaster on Sunday and imposed a nightly curfew for the capital Melbourne as part of its harshest movement restrictions to date to contain a resurgent Covid-19. On Sunday, Victoria reported 671 infections, one of its highest, and seven COVID-19 deaths.

August 3, 2020

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