Glove stocks expected to see volatility in near term

Over the long-term, trading in glove stocks will be steady, as demand for medical and personal protective equipment is expected to remain high in light of the Covid-19 pandemic.

PETALING JAYA: Trading in glove stocks over the near-term is expected to remain volatile, as these companies will be under constant pressure to maintain the super profits they enjoyed last year.

“Instead, when it comes to glove stocks, investors will be more concerned over whether these companies will be able to continue earning the super high profits they enjoyed in 2020, especially with the vaccine rollout, ” said an analyst who tracks the sector.