London – Shares of all major rubber goods companies have made strong gains over the recent weeks as Covid-19 lockdowns started to ease across the globe, improving consumer confidence.
Over the three weeks to 5 June, all companies covered by ERJ's Shares Monitor registered double-digit improvements in stock values.
Shares of Asian rubber gloves makers continued to rise as demand surged for the products due to the pandemic.
Avon Rubber plc (LSE) £2.760 (15 May) to £3.150 (5 June) – up 14%
Daetwyler Holding AG (SWX) CHF162.40 to CHF183.80 – up 13%
Trelleborg AB (STO) SEK113.65 to SEK141.60 – up 24.5%
Hexpol AB (STO) SEK63.75 to SEK79.90 – up 25%
Semperit AG (VSE) €10.2 to €11.94 – up 17%
Gates Corp. (NYSE) $8.59 to $11.37– up 32%
Top Glove (KLSE) MYR10.38 to MYR16.38 – up 57%
Kossan Rubber (KLSE) MYR7.68 to MYR8.98 – up 16.9%
Supermax Corp. (KLSE) MYR3.97 to MYR8.88 – up 123%