Top Glove sinks to 2.5-month low on news of phased closure of its factories over Covid-19 spread

Singapore

NEWS of thousands of Top Glove Corp workers testing positive for Covid-19 and the expected delivery delays from its shuttered operations are weighing on the company's stock.

The Singapore-listed shares of the world's biggest rubber glove maker sank to a 2.5-month low on Wednesday, dropping 2.9 per cent or 6.5 Singapore cents to S$2.185 as at 9.32am - a level not seen since Sept 10. They closed at S$2.19, down S$0.06 or 2.7 per cent.