Glove makers back in limelight on weaker ringgit

PETALING JAYA: The continuous strengthening of the US dollar against the ringgit has enhanced the appeal of rubber glove-manufacturer stocks on Bursa Malaysia.

Shares of glove manufacturers on Bursa gained in morning trade, led by Top Glove Corp Bhd, before closing mixed yesterday, as the ringgit weakened beyond the crucial level of 3.80 against the US dollar for the first time since the US-dollar-peg was removed 10 years ago.