Quick take: Vaccine roll out, downgrade send glove makers down

KUALA LUMPUR: Shares of glove makers fell in Monday morning trade following a downgrade by a foreign research house which expects glove makers’ prices to weaken next year as vaccines for Covid-19 are rolled out and other competitors boost output.

Hartalega shed 4.52%, or 62 sen to RM13.10, Top Glove eased 4.78%, or 33 sen to RM6.55, Supermax declined 4.37%, or 33 sen to RM4.23 and Kossan fell 6.31%, or 34 sen to RM5.05.