Top Glove, Hartalega up as FBM KLCI breaches 1,800 points

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KUALA LUMPUR (Jan 4): Top Glove Corp Bhd, Hartalega Holdings Bhd and Kossan Rubber Industries shares rose with the broader market as Malaysian glove manufacturers' are seen benefiting from the country's status as a global leader in the business.

At 5pm, Top Glove shares rose 81 sen to close at RM8.71, Hartalega gained 40 sen to RM10.80 while Kossan climbed 33 sen to RM8.43. Top Glove was Bursa Malaysia's leading gainer while Hartalega and Kossan were the third and fourth-largest advancers respectively.

The FBM KLCI rose 10.66 points to close at 1,803.45.

Rakuten Trade Sdn Bhd vice president of research Vincent Lau told theedgemarkets.com: “For glove counters, given the positive sentiment in Malaysia, they would have benefited from the run up in the stock market especially given their position as market leaders on the global landscape.”