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KUALA LUMPUR: Profit-taking took the FBM KLCI lower in Monday morning trade following Friday's strong advance on the back of a jump in Axiata's and Digi's share prices.
KUALA LUMPUR: Top Glove Corp Bhd has made improvements to its workers' living conditions and assured of efforts towards uplifting the withhold release order (WRO) with the US Customs and Border Protection, it said in a webinar briefing to analysts.
PETALING JAYA: Rubber glove stocks saw a strong upward surge on price and accompanying volumes, topping the gainers and volume list as bargain hunting crept in after the market started the month of April on a sombre note.
PETALING JAYA: Glove manufacturer Top Glove Corp Bhd is working with one of its loudest critics as it takes measures to improve working and living conditions at its factories.
KUALA LUMPUR: Foreign investors are using the selloff in Malaysian glove makers to return to last year’s stock market stars.
KUALA LUMPUR: Following related corporate announcements and news flow, there may be trading interest in Top Glove, Greatech, Muar Ban Lee, Symphony Life, Scientex, Ekovest, AMMB, Advancecon and Gabungan AQRS, said JF Apex Research.
KUALA LUMPUR: If not for the sell-off in the rubber glove counters, stoked by the US Customs and Border Protection (CBP) last Wednesday, Malaysia could have recorded net inflow for month of March, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to breach the 1,600-level this week in line with broader optimism in the Unites States’ (US) economy and expected bounce in commodity prices, said an analyst.