Glove sector on the mend

“The worst is over for glove players but they are not out of the woods yet.," Rakuten's Lau said.

PETALING JAYA: Glove counters are on the rise after Hartalega Holdings Bhd posted better quarter-on-quarter results which saw the nitrile glove maker returning to the black with a net profit of RM27.7mil in the second quarter of financial year 2024 (2Q24) as compared to a net loss of RM52.5mil in 1Q24.

Hartalega was up 2.6% to close at RM2.39, Kossan Rubber Industries Bhd rose 3.5% to RM1.47, Top Glove Corp Bhd increased 1.3% to 79 sen while Supermax Corp Bhd gained 1.2% to close at 84.5 sen.