Malaysia’s Prime Glove shares tumble after govt says factories to be shut

HomeStock

Malaysia’s Prime Glove shares tumble after govt says factories to be shut

KUALA LUMPUR, Nov 24 (Reuters) - Shares in Malaysia's Prime Glove fell as a lot as 7.5% in early co


KUALA LUMPUR, Nov 24 (Reuters)Shares in Malaysia’s Prime Glove fell as a lot as 7.5% in early commerce on Tuesday, after the federal government stated a few of its factories could be closed in phases for COVID-19 screening and quarantine after greater than 2,000 of its staff examined optimistic.

The Well being Ministry reported a pointy rise in instances within the space the place Prime Glove factories and dormitories are situated, with 2,453 staff testing optimistic for the virus, out of 5,767 screened.

The federal government stated 28 manufacturing facility buildings shall be shut in phases however didn’t specify when the shutdowns would start.

(Reporting by Liz Lee; Enhancing by Tom Hogue)

(([email protected]; Desk: +60323338039; Twitter: @livinglizly;))

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.



www.nasdaq.com