Shares of rubber producer GMG Global <GMGG.SI> fell as much as 8.3% on Wednesday as investors were nervous about the political unrest in Ivory Coast, where the firm has processing operations.

At 2:41 p.m., GMG Global shares were down 6.7% at $0.28, the lowest in more than two months, on a volume of 102.3 million shares.

“With the political uncertainty in Ivory Coast, there are concerns whether the international community might impose economic sanctions on the country. All in, it worked to the detriment of GMG Global,” said a local analyst.

“The bulk of its plantations is mainly in Cameroon, but in terms of processing capacity it does have a more significant exposure in Ivory Coast. Investors have gotten jittery,” he added.