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Glove makers power KLCI higher

fell 4.5 sen to 56.5 sen to with 81.73 million shares done. Bloomberg reported Asian stocks were mixed Monday in holiday-thinned trading as investors prepared for a key Federal Reserve meeting later in the week. Shares saw modest gains in Japan and slipped in South Korea. Trading volumes are expected to be light with a number of holidays in the region including in Australia, China and Hong Kong. Ten-year Treasury yields inched up to around 1.46% after hitting three-month lows on Thursday and notching their biggest weekly slide since December last week. The dollar was steady against Group-of-10 peers during early Asia trading in the wake of a Group-of-Seven leadership meeting that emphasised unity.

Top Glove waits for US Customs to verify remedial labour action

KUALA LUMPUR (Reuters) - Top Glove Corp Bhd , the subject of a US import ban over concerns about forced labour, is waiting for customs authorities there to verify remedial action it has taken on workers' recruitment fees, it said on Wednesday.

Mr DIY likely to replace Supermax as KLCI component stock in next review, say analysts

KUALA LUMPUR (May 25): Mr DIY Group (M) Bhd will likely be included in the FBM KLCI index, replacing Supermax Corp Bhd, which has the lowest market capitalisation among KLCI component stocks, said analysts today. In a note, CGS-CIMB’s analysts Ng Lee Fang and Nagulan Ravi said according to their assessment of market data as at end of yesterday, Mr DIY has risen to the 20th position in terms of market cap ranking, satisfying the rules for inclusion into the KLCI index. “As such, our analysis suggests that it will be included in the upcoming KLCI review, replacing Supermax, the lowest-ranking market cap stock among the current 30 KLCI constituents as at the end of May 24,” they said.

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