London – Share prices of major rubber goods manufacturers monitored by ERJ have performed strongly over the recent weeks, reflecting a slow market recovery post Covid lockdowns.
Rubber gloves makers also made gains over the four weeks to 9 Oct, but remained far below the highs of August and July.
Rubber processors’ shares rose sharply during the four-week period, as the global automotive industry displayed signs of recovery in the latter part of the third quarter.
Semperit AG, which supplies to both industrial and rubber gloves markets, saw the biggest monthly rise at 33%, as the Viennese group announced higher full-year earnings forecast in late September.
Among the top three Malaysian glove makers, Top Glove and Supermax, saw a return to an uptrend, while Kossan shares continued to decline for the second month in a row since the outbreak of Covid-19 pandemic earlier this year.
Avon Rubber plc (LSE) £4.025 (11 Sept) to £4.275 (9 Oct) – up 6.2%
Daetwyler Holding AG (SWX) CHF207.50 to CHF214.00 – up 4.5%
Trelleborg AB (STO) SEK161.00 to SEK170.30 – up 5.77%
Hexpol AB (STO) SEK 75.85 to SEK86.10 – up 13.5%
Semperit AG (VSE) €16.40 to €21.85 – up 33%
Gates Corp. (NYSE) $11.23 to $11.81 – up 5.1%
Top Glove (KLSE) MYR7.76 to MYR8.80 – up 13.4%
Kossan Rubber (KLSE) MYR10.68 to MYR7.23 – down 32%
Supermax Corp. (KLSE) MYR7.50 to MYR9.54 – up 27.2%