“The top four names with the highest percentage total outstanding net short positions are not surprisingly glove makers namely Top Glove Corp Bhd (1.27%), Supermax Corp Bhd (1.23%), Kossan Rubber Industries Bhd (1.15%) and Hartalega Holdings Bhd (0.97%), ” Kenanga Research said.
PETALING JAYA: Glove-making companies will be closely monitored given their high net short positions as a ban on regulated short selling (RSS) will be lifted from Jan 1.
Kenanga Research, in its latest report, said the latest RSS aggregated net short positions taken from Bursa Malaysia’s website as at the close of Dec 15, showed glove makers as having the highest net short positions.
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