Malaysian rubber glove shares rose on Monday against the acquisition updates and mergers as well as favourable macro factors which are anticipated to hang out well for the financials of these companies.
By to the Austria-based Semperit Aktiengesellschaft Holding, the expectation of healthy demand for rubber gloves and the lowering prices of natural rubber are the important factors that influenced the dynamics of the fraternity.
Affin Investment Bank Bhd Analyst Andy Ong wrote that that continued healthy demand growth for rubber gloves and the awareness of emerging markets to health and the automation of the glove players are the reasons why the rubber glove prices are going into the positive path. (RJA)