KUALA LUMPUR - Top Glove Corp shares drooped on Tuesday after Malaysia said it would close a few manufacturing plants of the world's greatest elastic glove creator as more than 2,000 of its workers examined positive for COVID-19.
Top Glove's price fell as much as 7.5% after the public authority said 28 plant structures would be closed in stages, despite the fact that it didn't give a schedule.
The organization, which orders a fourth of the worldwide latex glove market, has piled up record benefits this year on soaring interest for its items and defensive stuff, because of the pandemic. Its offers have flooded more than four crease this year, even after Tuesday's fall.
Malaysia itself makes just shy of 66% of the world's elastic gloves, as per the Malaysian Rubber Glove Manufacturers Association. Hartalega Holdings and Supermax Corp are the other two top glovemakers in the nation.