ERJ Rubber Processor Shares

London – Shares of rubber gloves makers were lacklustre in recent weeks reflecting the recent progresses made in vaccine formulation for Covid-19.

Malaysia’s Top Glove’s shares slipped 22% over the four weeks to 4 Dec, as temporary closures of some factories reduced the group’s utilisation rates and projected annual sales.

Kossan Rubber and Supermax also registered double-digit declines in shares during the period.

Other major rubber goods manufacturers monitored by ERJ performed relatively strongly, with Avon Rubber being the only company to see a decline in share values. 

Avon Rubber plc (LSE)                   £4.285 (6 Nov) to £4.105 (4 Dec) – down 4.2%
Daetwyler Holding AG (SWX)              CHF227.0 to CHF242.0 – up 6.6%
Trelleborg AB (STO)                     SEK160.05 to SEK179.75 – up 12.3%
Hexpol AB (STO)                         SEK83.10 to SEK87.50 – up 5.3%
Semperit AG (VSE)                       €23.07 to €24.25 –  up 5%
Gates Corp. (NYSE)                      $12.04 to $13.10 – up 8.8%
Top Glove (KLSE)                        MYR8.50 to MYR6.60 – down 22%
Kossan Rubber (KLSE)                    MYR7.49 to MYR5.58 – up 25.5%
Supermax Corp. (KLSE)                   MYR9.78 to MYR8.29 – up 15%