Explaining the Malaysian “Glove Stock Mania” of 2020, and it’s subsequent fall

Two years ago, the “glove mania” started to gain steam in the Malaysian stock market, capturing the attention of institutional and retail investors. This article serves to encapsulate the saga thus far, and provide a timeline of key events. Intuitively, the price of gloves would go up if demand for gloves were to rise, but this article aims to explore further in-depth what made these gloves (1) so special, (2) attract such lofty valuations, at a time representing two of the top three companies in Bursa Malaysia and (3) contextualise the stock rally and subsequent fall.

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Household gloves are made from natural rubber, normally use for cleaning and janitorial purposes, food and meat processing and general household use. Industrial nitrile glove is made from synthetic rubber copolymer of acrylonitrile (ACN) and butadiene, usually used for protection against solvents, oil, fats and bleaching chemical agents.

The CE marking (also known as CE mark) is a mandatory conformance mark on many products placed on the single market in the European Economic Area (EEA). Allgloves are CE certified which qualified us to display the appropriate CE markings on our gloves and packaging. The CE markings guarantee that Allgloves gloves meet the EU consumer safety, labour safety, health and environmental requirements.

Allgloves have a shelf life of three years if kept in its original unopened carton unexposed to UV light and stored in a cool and dry storage away from ozone emitting equipment.

The lifespan of the gloves may vary for different applications and also affected by the duration of use. Whatever the limiting conditions, a good housekeeping practice of giving the gloves a good rinse with clean water/detergent after use and allowing them to dry in a cool and dry place. Never dry the gloves directly above heating radiators.