Pandemic Sets Off 6,700% Rally in One Stock
- Mercator Medical’s market value overtakes Commerzbank unit
- Resurgence in Covid-19 cases drives latest gains for Mercator
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The meteoric rise of a little-known Polish protective gloves maker provides one of the clearest examples of how the pandemic has changed the world for Warsaw equity investors.
Mercator Medical SA’s shares soared more than 30 times back in the Polish spring as the first wave of Covid-19 infections spurred explosive demand for its products and boosted its sales. Now, as infection rates jump in a resurgence of the illness, Mercator’s market value has doubled again. A 13% surge in the stock on Tuesday followed by a similar jump on Wednesday means it has risen by more than 7,000% this year, the best performance of companies listed in Warsaw’s main market.