Bursa Technology News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Technology stocks have been in the doldrums for the past 18 months due to weakening global tech demand and inflationary pressures that triggered an inventory glut across the industry.

The FBM KLCI tumbled more than 1% when markets closed on Thursday (May 12) while Bursa Malaysia’s Technology index was worst hit among the bourse’s 30 gauges as forecast-beating US inflation dented world markets which are seen taking cue from anticipation of US interest rate hikes to fight rising consumer prices.

KUALA LUMPUR (Jan 14): The FBM KLCI closed down 0.98 points or 0.06% at 1,635.71 today while Bursa Malaysia’s Technology Index rose over 3% to become the top percentage gainer among bourse gauges as investors weighed the economic impact of the nation’s reenforced Covid-19-driven Movement Control Order (MCO) across several states and federal territories. Analysts said the MCO is expected to hurt Malaysia's economic and corporate earnings growth although such restricted-movement policy is also seen as a boon for Bursa-listed technology companies such as semiconductor manufacturers due to an...

KUALA LUMPUR (Dec 10): The FBM KLCI settled up 6.98 points or 0.42% at 1,653.51 during Bursa Malaysia's noon break today while the Technology index fell over 1% to become the top percentage decliner among bourse gauges after US-listed Facebook Inc's share price closed down 1.93% overnight on news the company is facing US government lawsuits for the alleged breach of antitrust law. Across Bursa at 12.30pm today, 4.56 billion securities were traded for RM2.55 billion. Bursa's Technology index, which tracks share prices of companies including semiconductor manufacturers, settled down 1.09% follo...