Malaysia close to overtaking Singapore’s market value

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Gains in glove-maker stocks has been a big boost for Malaysia’s market cap. FMTNews Rubber MarketValue RubberIndustry Economy

The pandemic has supercharged demand for medical gloves and shares of the manufacturers.

That puts Malaysia about US$4 billion away from surpassing Singapore’s market capitalisation for the first time in more than 16 years, according to data compiled by Bloomberg that only include actively traded primary listings. The pandemic has sparked a reshuffle in Asia’s largest stocks with the likes of technology and health-care firms growing bigger than ever.

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