Downside risk for glove stocks limited

Rakuten Trade Sdn Bhd research vice-president Vincent Lau, (pic) for one, expected the short-selling to taper off in the coming weeks. He noted the recent selloff in glove stocks was due to fears relating to the sharp fall in the industry’s average selling prices (ASPs

PETALING JAYA: The downside risk, especially for glove stocks, is likely minimal because of the limited room for short-selling activities, as well as the spike in the number of Covid-19 infections.

Rakuten Trade Sdn Bhd research vice-president Vincent Lau, for one, expected the short-selling to taper off in the coming weeks. He noted the recent selloff in glove stocks was due to fears relating to the sharp fall in the industry’s average selling prices (ASPs).