Supermax Corp rose to a four-month high in Kuala Lumpur trading and Top Glove Corp climbed after OSK Holdings Bhd said the two Malaysian glove-makers will benefit most from the recent drop in latex prices.
Supermax gained 1.3 percent to RM3.86 at 11:27 a.m. local time, set for its highest close since July 7.
Top Glove added 1.8 percent to RM4.50, the highest since Sept. 9.
The longer-term downtrend in latex prices is likely to be sustained, OSK wrote in a report today. -- Bloomberg
Supermax gained 1.3 percent to RM3.86 at 11:27 a.m. local time, set for its highest close since July 7.
Top Glove added 1.8 percent to RM4.50, the highest since Sept. 9.
The longer-term downtrend in latex prices is likely to be sustained, OSK wrote in a report today. -- Bloomberg
