1,400 per cent this year; Kossan's stock has more than tripled.
Valued at RM76 billion , Top Glove is close to overtaking Malayan Banking as the biggest stock on the KLCI Index.With the new additions, glove- makers' weighting in the gauge will jump to about 20 per cent from around 15 per cent at present, said the two analysts. While the additions are happening after the sharp rally, there is still a lot of visibility on demand for gloves, he said.
Surging demand has spurred other companies to dive into the glove business. Mah Sing Group, one of Malaysia's biggest developers, said on Thursday that it plans to acquire 12 new glove production lines to reduce its dependence on its property business, which has been hit by the pandemic.
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