Shares of Comfort Gloves jump 9%

April 9, 2018

GlovesShares of Malaysian company Comfort Gloves rose 9%.

The increase in shares came after the company clarified that its operations were not disrupted by the US Food and Drug Administration’s (FDA) action.

The glovemaker gained 9.33%, or seven sen to 82 sen. It is one of the most heavily traded counter with close to six million shares traded.

Comfort Gloves announced that the move by the FDA to put its wholly-owned subsidiary Comfort Rubber Gloves Industries Sdn Bhd (CRGISB) under the regulator’s import alert list has not disrupted its glove-making operations.

It said the FDA import alert listing does not prevent the group from exporting to the US.

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Rubber Prices
(Last Updated: 16 Jul 2018)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: Latex India

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