Top Glove shares sink after 28 plants told to close

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Twenty-eight Top Glove factories in Klang will suspend production following a spike in Covid-19 cases among the employees. (Bernama pic)PETALING JAYA: Shares in Top Glove Corp, the world’s biggest maker of rubber gloves, sank in early trading today after the government said 28 of its factories in Klang, Selangor, will suspend operations in stages following a spike in Covid-19 cases among its workers.Bloomberg reported that Top Glove’s stock dropped by as much as 7.5% this morning, marking its first decline in three days.Yesterday, Senior Minister for Security Ismail Sabri Yaakob said the closure of the plants was to allow the workers to undergo screenings and mandatory quarantine.“I am made to understand that for today, there are 1,067 positive cases. On the advice of the health ministry, at today’s meeting (of the National Security Council), we have agreed to close these fact…