Furniture stocks have been on the rise. Growing rapidly in their share price, the makers of furniture have been riding a crest of optimism from the weaker ringgit. As a beneficiary of the stronger US dollar against the ringgit, furniture makers have seen a boom in their business.
According to statistics, furniture makers are exporting loads of their products overseas, especially to the US. The financial of a number of furniture stocks too have improved and the improving economy in the US is helping the prospects of furniture stocks on Bursa Malaysia.
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