London – Rubber gloves makers, which experienced a sharp surge in share prices following Covid-19, saw the frenzied buying interest dampened in early September as the pandemic anxiety dissipated.
Share prices of most major rubber goods companies monitored by ERJ, on the other hand, made gains in the five weeks to 11 Sept, reversing the negative trend established in the past few months.
Shares of rubber processors improved on the back of brighter third quarter outlook, while glove stocks toned down amid increasing signs that a vaccine could soon be developed for Covid-19.
Avon Rubber plc (LSE) £3.320 (31 July) to £4.025 (11 Sept) – up 21%
Daetwyler Holding AG (SWX) CHF184.80 to CHF207.50 – up 12.3%
Trelleborg AB (STO) SEK135.35 to SEK161.00 – up 19%
Hexpol AB (STO) SEK58.20 to SEK 75.85 – up 30%
Semperit AG (VSE) €16.80 to €16.40 – Down 2%
Gates Corp. (NYSE) $10.54 to $11.23 – up 6.5%
Top Glove (KLSE) MYR25.88* to MYR7.76 – down 70%
Kossan Rubber (KLSE) MYR17.60* to MYR10.68 – down 39%
Supermax Corp. (KLSE) MYR18.50* to MYR7.50 – down 59%
* Kuala Lumpur Stock Exchange was closed 31 July and figures reflect prices at the end of business on 30 July.