KUALA LUMPUR: Glove makers on Bursa Malaysia took a beating as high latex price continues to stir cost and profit margin concerns for the companies.
A local research house analyst said the sell-off yesterday might have taken its cue from the deteriorating eurozone debt worries amid high raw material prices namely natural rubber, that is seen to be squeezing the margins of glove makers.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!