PETALING JAYA: Glove stocks on the local bourse continue to slide despite stunning profits announced by two of the top four glove makers, as investors remain concerned about glove average selling prices (ASPs) trending downwards due to increasing global production.
At the close of trade yesterday, stock prices of Top Glove Corp Bhd, Supermax Corp Bhd, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd declined by 1.56% to 3.27%.
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