Malaysia Bourse Beats Peers as Glove Mania Boosts Volume
- Shares of Bursa Malaysia have jumped more than 60% this year
- Exchange will deliver record quarterly profit: Hong Leong
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Amateur traders and a spectacular rally in rubber glove stocks are driving record volumes on Malaysia’s stock exchange, helping the bourse operator outperform the rest of its major global peers this year.
Bursa Malaysia Bhd. has jumped 63% this year, eclipsing the 46% gain by Hong Kong Exchanges & Clearing Ltd. -- the world’s biggest exchange by market value -- even as the latter surged 10% on Tuesday after billionaire Jack Ma’s Ant Group announced plans to seek a dual listing in Hong Kong and Shanghai. Shares of the Malaysian exchange rose as much as 3% as of 11:28 a.m. local time on Thursday.