Rubber glove shares all take a beating

A healthcare sector analyst stressed that rubber glove companies were already paying corporate tax, which would have been higher than normal given their super-high profits.

PETALING JAYA: The rubber glove counters which have been charging forward, with no sign of the Covid-19 pandemic abating, suddenly found themselves in a bloodbath amid various developments involving the sector.

Some positive news on a vaccine, competition rising faster than expected and concerns of a potential windfall tax all attributed to the correction, market observers and analysts said.