Report: Bursa Malaysia world’s top performing market courtesy of glove-makers’ rally | Malay Mail

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KUALA LUMPUR, July 23 — The Bursa Malaysia has climbed 59 per cent this year to make it the best performing stock exchange worldwide so far, according to Bloomberg. The Malaysian stock exchange’s rise also beat out the 43 per cent year-to-date improvement recorded at the Hong Kong Exchanges...

Thursday, 23 Jul 2020 10:50 AM MYTBloomberg puts Bursa Malaysia as the best performing stock exchange worldwide having climbed 59 per cent this year. — Picture by Firdaus Latif

The Malaysian stock exchange’s rise also beat out the 43 per cent year-to-date improvement recorded at the Hong Kong Exchanges & Clearing Ltd — the world’s largest in terms of value — even after the latter enjoyed a 10 per cent surge this week. Malaysia is home to the world’s largest glove maker, Top Glove Corporation Bhd, as well as several other major competitors that have all enjoyed a surge in demand as countries rushed to procure personal protective equipment for medical workers fighting the Covid-19 pandemic.

 

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