Medical plays, glove makers soar as Wuhan virus fears spread

Singapore

WITH deaths from the Wuhan coronavirus tripling over the weekend and confirmed cases doubling, investors continued to pile in on medical firms and glove makers, with many making considerable gains in Tuesday's high volume session.

Of the 2.49 billion securities traded on the Singapore bourse on Tuesday, 21 per cent of the volume was attributable to a trio of usually thinly traded medical penny plays: Medtecs International, AsiaMedic Limited and Healthway Medical.

Shares in Medtecs, a manufacturer and distributor of medical consumables, advanced 65.4 per cent or 6.8 Singapore cents to 17.2 cents - an all-time high. The 325.2 million shares changing hands was the most on the …