KUALA LUMPUR -- Glove manufacturers were among the highest-grossing stocks on the Malaysian bourse last year, elevating their already-rich owners to be new billionaires. The spike in share prices was in tandem with booming demand for rubber gloves as essential personal protective gear in fighting the COVID-19 pandemic.
The share prices of Malaysia's top three glove producers -- Top Glove, Hartalega and Supermax -- reached all-time highs, growing by 445%, 249% and 1,599%, respectively, in the last 12 months, far outperforming the 38% growth between the lowest and highest points of the bourse's benchmark FBM KLCI index in the last year.
