Glove stocks among most active ahead of 2026 Budget
Shares of glove manufacturers were among the most actively traded on Bursa Malaysia at the opening bell.
KUALA LUMPUR: Shares of glove manufacturers were among the most actively traded on Bursa Malaysia at the opening bell, ahead of the 2026 Budget announcement this afternoon.
Top Glove Corp Bhd, the world's largest glove maker, led the pack, followed by Hartalega Holdings Bhd, Supermax Corp Bhd, Careplus Group Bhd and Kossan Rubber Industries Bhd.
Top Glove opened one sen or 1.49 per cent higher at 68 sen before rising further to 70 sen, up three sen or 4.48 per cent, in active trade.
By 9.15am, it was the most actively traded counter on the exchange with 23.59 million shares changing hands. At its current price, the company is valued at RM5.55 billion.
The group yesterday reported a return to the black with a net profit of RM38.6 million for its fourth quarter ended Aug 31, 2025, supported by stronger glove demand, higher sales volume and improved cost efficiency.
Meanwhile, Hartalega opened three sen, or 2.3 per cent, higher at RM1.33 before retreating to RM1.28, down two sen or 1.5 per cent, valuing the company at RM4.4 billion.
By 10.48am, the counter had eased further to RM1.25, down five sen or 3.85 per cent, with 26.02 million shares traded. Hartalega is the second-largest glove maker on Bursa and the world's biggest producer of nitrile gloves.
Supermax opened one sen, or two per cent, higher at 51.5 sen before paring gains to remain unchanged at 50.5 sen. The counter, valued at RM1.6 billion, saw 18.59 million shares traded, placing it fourth on the most active list.
Careplus and Kossan, which opened slightly higher, were last traded flat at 10 sen and down 3.08 per cent at RM1.26, respectively.
Prime Minister Datuk Seri Anwar Ibrahim is scheduled to table the 2026 Budget in the Dewan Rakyat around 4pm.
In a Facebook post, Anwar said the budget is more than just figures and spending plans, describing it as a roadmap for ensuring continued support for the people without increasing the national debt burden.
"This budget is not merely about numbers and expenditures, but a roadmap to ensure the government continues to assist the rakyat without adding to the country's debt," he said.
Read More: Here