Punters count on recovery of glove stocks

Top Glove led the price resurgence with its stock price rising from 70 sen in mid-March to hit an intra-day high of 98 sen yesterday before settling one sen lower at 95 sen.

PETALING JAYA: Improving pricing power and belief that glove makers may have reached a sustainable inflection point have seen investors returning to the beaten down rubber glove counters.

A number of players have seen their share prices climb since last Thursday.