KUALA LUMPUR: Shares in Malaysia’s Top Glove slumped 7.5% on Tuesday, after the government said some of its factories would be closed in stages for Covid-19 screening and quarantine, as more than 2,000 of its workers tested positive for the disease.
The Health Ministry reported a sharp rise in cases in the area where Top Glove factories and dormitories are located, with 2,453 workers testing positive for the virus, out of 5,767 screened.
The government said 28 factory buildings will be shut in phases but did not provide a timetable.
This new development has not affected the company’s orders, MIDF Research analyst Ng Bei Shan said in a note, adding she was maintaining her earnings…
