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Regulators keep watch as companies jump on Covid-19 bandwagon

Uma Devi
Uma Devi • 7 min read
Regulators keep watch as companies jump on Covid-19 bandwagon
Healthcare companies are now in the spotlight as the Covid-19 pandemic continues. Listed companies such as Biolidics and Q&M Dental Group have announced their intention to produce Covid-19 test kits. And markets have reacted accordingly.
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SINGAPORE (Apr 30): At the beginning of the Covid-19 outbreak back in January, listed glove-makers experienced a surge in their share price as investors scurried to scoop up these counters.

The day after Singapore declared its first virus case, names such as Top Glove Corp, Riverstone Holdings and UG Healthcare Corp led the top gainers in the market with increases of some 30%, 18% and 52%, respectively, in their share prices.

Four months down the road, the pandemic has shown no signs of easing. Instead, the virus has crossed borders relentlessly, causing panic in countries. This has led to a jump in the number of Covid-19 tests being carried out in these countries on a daily basis.

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