The share prices of top glove makers Kossan Rubber Industries Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Top Glove Corp Bhd fell to fresh lows yesterday, following dizzying spikes in 2020. At 5pm, Top Glove, now a penny stock, closed 3.5 sen or 3.47% lower to 98 sen with a market capitalisation of RM8bil.
KUALA LUMPUR: Glove stocks will continue to face selling pressure in the near term due to “negative fundamental factors” in the sector, according to fund managers and equity analysts.
The share prices of top glove makers Kossan Rubber Industries Bhd
, Hartalega Holdings Bhd, Supermax Corp Bhd and Top Glove Corp Bhd fell to fresh lows yesterday, following dizzying spikes in 2020.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
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!
