KUALA LUMPUR (July 28): Top gainer Karex Bhd rose as much as 25 sen or 8% in anticipation that the export-based condom manufacturer will gain from a weaker ringgit versus the US dollar.

At 4.14pm, Karex (fundamental: N/A; valuation: N/A) was traded at RM3.58, the highest since Karex's listing on November 6, 2013 at RM1.85 a share.

Today, Karex saw 936,400 shares changing hands. At RM3.58, Karex has a market capitalisation of RM2.39 billion. At the point of writing, the ringgit was traded against the US dollar at 3.8145 compared to the strongest level at about 3.1400 over the last one year.

"Investors are closely watching export-oriented stocks such as those in the furniture and rubber sectors as they think these counters are beneficiaries of a strong US dollar," a remisier told theedgemarkets.com.

Analysts said Karex's share price rise was based on strong fundamentals after taking into account on the company's financials.

Cumulative net profit rose to RM42.59 milliom in the nine months ended March 31, 2015 from RM22.38 million a year earlier. Revenue was higher at RM218.53 million compared to RM156.79 million.

"The company's prospects and fundamental remain intact," he said.

(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.)