Stocks of glove makers see profit taking

In her report on Supermax, MIDF Research’s glove analyst Ng Bei Shan told StarBiz she expects there will be some adjustment to its prices to reflect the higher raw material costs. (File pic shows Supermax gloves factory)

PETALING JAYA: Rubber glove makers saw profit taking creep in after a recent rise and with progress seen in the global vaccine rollout.

Their shares, which had generally seen a steady fall from mid-October to the beginning of this year, saw the heavyweight glove counters rebound recently but fell to selling pressure yesterday as shares of Top Glove Corp Bhd fell 23 sen to RM6.82, Hartalega Holdings Bhd dropped 12 sen to RM13.18 and Supermax Corp Bhd declined 30 sen to RM6.78.