Stocks soar: A worker at the production line of Top Glove’s factory in Klang. Top Glove and other big glovemakers closed at a new high on Monday as the ringgit fell 1.5 to RM4.37 against the US dollar.
KUALA LUMPUR: Shares in export-oriented companies, led by big glovemakers, rallied to new highs on Monday as investors expect the weaker ringgit will boost their earnings.
The ringgit fell 1.5% to RM4.37 against the US dollar on Monday on the back of stronger US economic data, which in turn prompted a rally in glovemakers’ shares.
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