Glove stocks see strong surge

The bounce in rubber glove stocks closely follows recent developments where the US Customs and Border Protection (CBP) and the US’ Secretary of the Treasury had at the end of March published a forced labour finding against disposable gloves produced by Top Glove Corp Bhd, which is the biggest rubber glove maker in the world by capacity.

PETALING JAYA: Rubber glove stocks saw a strong upward surge on price and accompanying volumes, topping the gainers and volume list as bargain hunting crept in after the market started the month of April on a sombre note.

The bounce in rubber glove stocks closely follows recent developments where the US Customs and Border Protection (CBP) and the US’ Secretary of the Treasury had at the end of March published a forced labour finding against disposable gloves produced by Top Glove Corp Bhd, which is the biggest rubber glove maker in the world by capacity.