London – Shares of major rubber goods companies provided a mixed picture over the recent weeks, as the US and China signed the first phase of trade agreement.
While Avon Rubber and Gates Corp. showed price improvements, Daetwyler registered a 5% decline in the four weeks to 17 Jan, according to ERJ’s review of the European and US stock markets.
Outside of the batch of companies covered by ERJ Shares Tracker, shares in Asian manufacturers of rubber gloves are rising due to the coronavirus outbreak centred in China.
Malaysia’s Top Glove, Kossan Rubber Industries and Supermax Corp. are among the latex product producers to have seen stock values rise by around 10% this week.
Avon Rubber plc (LSE) £1.998 (13 Dec) to £2.465 (17 Jan)
Daetwyler Holding AG (SWX) CHF181.49 to CHF171.80
Trelleborg AB (STO) SEK170.50 to SEK170.75
Hexpol(STO) SEK93.30 to SEK90.70
Semperit AG (VSE) €11.60 to €11.62
Gates (NYSE) $12.80 to $13.25