Stock Track | KB Laminates Plummets 5.17% Intraday on Industry Supply Concerns and Profit-Taking Pressure

Stock Track05-19 09:49

KB Laminates (01888) experienced a significant intraday decline, with its stock price plummeting 5.17% during Tuesday's trading session.

The sharp drop comes amid ongoing market concerns over industry supply-side expansion, particularly following China Fiberglass's announcement of plans to build a major production base for electronic glass fiber materials. Additionally, the stock has surged 256% year-to-date, leading to substantial profit-taking pressure from investors.

The broader electronic components sector showed weakness during the session, with several peers also trading lower, contributing to the negative sentiment surrounding KB Laminates.

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