KUALA LUMPUR (Jan 13): Technology-linked stocks emerged as the top gainers on Bursa Malaysia as at noon today as analysts get more positive on both global semiconductor sales and spending forecasts that are expected to rise in 2021.
At the time of writing, the Bursa Malaysia Technology Index rose 2.94% to 69.72 points, boosted by gains among the index’s constituents.
Leading the gainers is Malaysian Pacific Industries Bhd (MPI), which rose as much as 5.14% to trade at RM28.24 per share after 238,500 shares changed hands. At the time of writing, MPI is still the top gainer on Bursa Malaysia today.
KESM Industries Bhd, the third top gainer on Bursa Malaysia, went up by 4.53% or 68 sen to RM15.70.
KUALA LUMPUR (Jan 12): The main index at Bursa Malaysia opened lower on Tuesday following the reinstatement of the Movement Control Order (MCO) in several states. The government reinstated the MCO in the states of Penang, Selangor, Melaka, Johor and Sabah as well as the federal territories of Kuala Lumpur, Putrajaya and Labuan for a two-week period starting Jan 13.
TECHNOLOGY and semiconductor-related stocks on Bursa Malaysia have performed quite well this year, in tandem with the rise of tech stocks around the world, driven by robust demand amid the Covid-19 pandemic.
The virus outbreak and accompanying lockdowns have accelerated digital adoption worldwide. It has changed the way we live, work, study, communicate, shop and consume, among others.
On the corporate front, tech-related companies including those in the semiconductor, digital, e-payment, e-commerce and online learning space have been greatly impacted. For many of these players, fortunately, the impact has been mostly positive due to an unexpected surge in demand as well as a sharp increase in investments in computing and mobile and IT infrastructure.
KUALA LUMPUR (Jan 11): The main index of Bursa Malaysia lost 1.29% in the mid-morning today, against a backdrop of pausing regional markets, as local sentiment stayed tepid on lockdown fears in Malaysia.
The benchmark index was also pressured as index-linked glove makers Hartalega Holdings Bhd and Supermax Corp Bhd dragged.
At 10am, the FBM KLCI had lost 20.75 points to 1,612.44.
Market breadth was negative with losers outpacing gainers by 640 to 341, while 386 counters traded unchanged. Trading volume was 2.451 billion shares valued at RM1.89 billion.
The losers included CN Asia Corp Bhd, Oriental Interest Bhd, Hartalega, Heineken Malaysia Bhd, Supermax, Nestle (Malaysia) Bhd, TIME dotCom Bhd, Malayan Banking Bhd (Maybank) and Malaysian Pacific Industries Bhd.
At 12.30pm, the FBM KLCI was down 12.32 points to 1,596.03.
Market breadth was tepid with 469 losers and 253 gainers, while 726 counters traded unchanged. Trading volume was 3.88 billion shares valued at RM2.19 billion.
The top losers included Nestle (Malaysia) Bhd, Heineken Malaysia Bhd, Carlsberg Brewery Malaysia Bhd, Hong Leong Financial Group Bhd, Petronas Dagangan Bhd, Hong Leong Bank Bhd, Greatech Technology Bhd and Malaysian Pacific Industries Bhd, CIMB Group Holdings Bhd, Malayan Banking Bhd, Public Bank Bhd and RHB Bank Bhd.
The actively traded stocks included Iris Corp Bhd, Vortex Consolidated Bhd, DGB Asia Bhd, Yong Tai Bhd, Bumi Armada Bhd, Sapura Energy Bhd and Puncak Niaga Holdings Bhd.