London – Shares of all major rubber goods companies have increased over the recent weeks as Covid-19 lockdowns started to ease across the globe, improving consumer confidence.
Over the seven weeks to 15 May, almost all companies covered by ERJ's Shares Monitor registered significant gains in stock values.
Most companies posted double-digit growths in share value, but Semperit AG’s stock prices were back down to €10.2 per share despite improvements earlier in April.
Outside of the batch of companies usually covered by ERJ, shares in Asian manufacturers of rubber gloves continued to rise as demand surged globally due to Covid-19 pandemic.
Avon Rubber plc (LSE) £2.360 (27 March) to £2.760 (15 May) – up 17%
Daetwyler Holding AG (SWX) CHF156.20 to CHF162.40 – up 4%
Trelleborg AB (STO) SEK 102.15 to SEK113.65 – up 11.2%
Hexpol(STO) SEK58.00 to SEK63.75 – up 10%
Semperit AG (VSE) €10.2 to €10.2
Gates Corp. (NYSE) $7.62 to $8.59 – up 12.7%
Top Glove (KLSE) MYR6.32 to MYR10.38 – up 64%
Kossan Rubber (KLSE) MYR4.96 to MYR7.68 – up 55%
Supermax Corp. (KLSE) MYR1.69 to MYR3.97 – up 134%