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Shares of glove makers fall on rising rubber prices

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.

Inelastic demand for rubber gloves

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.

KLCI slightly higher early Thursday, Petronas Gas up

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.

Market closes lower at midday

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.

CIMB Research retains overweight on glove makers, Kossan sole Add call

KUALA LUMPUR: CIMB Equities Research is retaining its overweight call on the Malaysian glove makers with Kossan Rubber Industries as its sole Add call.

Kossan gloves used in clean-room environment for semiconductors.

Firmer trade data, positive Asian markets boost KLCI

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.

Sime Darby and Axiata lead KLCI higher at midday

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.

Bursa Malaysia higher in early Monday trade, FGV in focus

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.

KLCI dips early Friday as Genting and CIMB slip

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.

KLCI wavers, key Asian markets in the red, ringgit up


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.

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