Slow recovery for Hartalega as oversupply continues

KUALA LUMPUR: While stock traders have turned bullish on Hartalega Holdings Bhd following optimistic quarterly figures, analysts expect the glove oversupply situation to continue exerting downward pressure on the glove maker's share price.

As at 10.35am on Wednesday, the trading stock of Hartalega was seen extending its rally, trading six sen or 2.58% higher at RM2.39 a share on active volume of 10.44 million shares.