KUALA LUMPUR (Aug 18): Stocks of three rubber glove makers, Supermax Corporation Bhd, Top Glove Corporation Bhd and Kossan Rubber Industries Bhd, continue to rise in morning trades today as the ringgit continues to slide against the US dollar.

As at 12.29pm, the stock of Supermax (fundamental: 1; valuation: 0.8) rose as high as 4.85% or 10 sen at RM2.16 with 2.2 million shares traded. The share price gave the glove manufacturer a market capitalisation of RM1.4 billion.

The stock of Top Glove (fundamental: 2.5; valuation: 1.1) jumped as high as RM7.82 in morning trades. As at 12.27pm, Top Glove was up 3.05% or 23 sen at RM7.76 with 357,200 shares changing hands.

Top Glove was also the fifth most actively traded stock on Bursa Malaysia this morning.

Another stock player, Kossan (fundamental: 2.1; valuation: 0.5) also saw its shares rising to as high as RM7.04 today. As at 12.28pm, the stock was up by 1.44% or 10 sen at RM7.03 with 342,700 shares being traded.

When contacted, a remisier told theedgemarkets.com that a weaker ringgit bodes well for rubber glove makers.

"Stocks of rubber glove makers have been rising on the weakening ringgit," the remisier said.

At 1.10pm, the ringgit was quoted at 4.1210 against the greenback from 4.0095 at 5pm yesterday.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)