PETALING JAYA: The surge in price of glove stocks in the past month is primarily a technical rebound from deeply oversold positions rather than any fundamental change in the industry performance of outlook, said analysts.
The share prices of glove makers like Hartalega Holdings Bhd
, Kossan Rubber Industries Bhd, Supermax Corp Bhd and Top Glove Bhd have risen by 20% to 30% from recent lows on higher volumes.
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