London – With the exception of rubber gloves makers which saw their stock prices soar, shares of most major rubber goods companies monitored by ERJ have recorded declines in recent weeks.
Shares of Hexpol AB on the Stockholm Stock Exchange recorded a 15% decline the four weeks to end of July, continuing a downward trend registered in June.
The Swedish group announced double-digit declines in revenue and profit in its latest quarterly results released on 22 July, .
Semperit AG, on the other hand, saw a 34% increase in share values during the period.
Glove stocks continued to rally on the Kuala Lumpur Stock Exchange, with Supermax shares almost doubling in value.
Avon Rubber plc (LSE) £3.330 (3 July) to £3.320 (31 July) – down 0.3%
Daetwyler Holding AG (SWX) CHF185.00 to CHF184.80 – down 0.0%
Trelleborg AB (STO) SEK138.70 to SEK135.35 – down 2.4%
Hexpol AB (STO) SEK69.00 to SEK58.20 – down 15.6%
Semperit AG (VSE) €12.54 to €16.80– up 34%
Gates Corp. (NYSE) $9.98* to $10.54 – up 5.6%
Top Glove (KLSE) MYR18.46 to MYR25.88**– up 40%
Kossan Rubber (KLSE) MYR9.33 to MYR17.60** – up 88.6%
Supermax Corp. (KLSE) MYR9.41 to MYR18.50** – up 96.5%
*New York Stock Exchange was closed 3 July to mark Independence Day. Figures reflect prices at the end of business on 6 July.
** Kuala Lumpur Stock Exchange was closed 31 July and figures reflect prices at the end of business on 30 July