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KUALA LUMPUR: Share prices of glove makers came under selling pressure on Monday as the ringgit strengthened against the US dollar and raw material prices increased.
ON the surface, it looks like tough times for rubber glove makers — with raw material costs escalating and a weaker US dollar against the ringgit potentially eating into revenue.
KUALA LUMPUR: Blue chips managed to recoup part of the previous day’s losses early Thursday on some fund buying of key stocks including Petronas Gas as crude oil prices continue to climb.
KUALA LUMPUR: Share prices on Bursa Malaysia ended easier at midday in range-bound trading as investors took some profits off the table after yesterday’s strong gains.
KUALA LUMPUR: CIMB Equities Research is retaining its overweight call on the Malaysian glove makers with Kossan Rubber Industries as its sole Add call.
KUALA LUMPUR: Blue chips chalked up some gains on Monday with Sime Darby and Hong Leong Bank among the gainers, while sentiment was underpinned by the firm industrial output data and also the positive key Asian markets.
KUALA LUMPUR: The FBM KLCI rose in Monday morning trade, tracking regional markets that were in positive territory as worries over another North Korean missile launch over the weekend went unfounded.
KUALA LUMPUR: Felda Global ventures (FGV) attracted positive attention early Monday following the latest development in the plantation giant while blue chips held steady as crude oil prices climbed.
KUALA LUMPUR: Investors took profit on Genting Bhd and CIMB Group early Friday and nudged the FBM KLCI slightly into the red but the broader market was steady with focus seen now on Lotto Chemicals Titan (LCTitan) again.
KUALA LUMPUR: The FBM KLCI wavered early Wednesday as investors stayed on the sidelines after key Asian markets and Wall Street closed weaker overnight on geopolitical worries on the Korean Peninsula.