Concerns over economic slowdown weighs on electronics manufacturing
KUALA LUMPUR: Slowing export growth and fears of a global recession are raising concern over softening demand in the country's electronics manufacturing sector.
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KUALA LUMPUR: Slowing export growth and fears of a global recession are raising concern over softening demand in the country's electronics manufacturing sector.
KUALA LUMPUR (March 8): Technology-related stocks on Bursa Malaysia continued to fall on profit taking today, as the selldown on US technology stocks weighed on sentiment and investors shifted interest to other recovery plays. Bursa Malaysia’s technology index fell 6.09% to 79.81, with Malaysian Pacific Industries Bhd, ViTrox Corp Bhd and UWC Bhd topping the list of losers. MPI was the top loser, plunging RM4.52 or 11.47% to RM34.88, followed by ViTrox’s RM1.22 or 7.71% drop to RM14.60, and UWC sinking 68 sen or 11.7% to RM5.13. Meanwhile, KESM Industries Bhd slid 62 sen or 4.59% to RM12....
Thursday, 25 Feb 2021 10:05 AM MYT At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 8.96 points, or 0.58 per cent, to 1,566.51 from 1,557.55 at yesterday’s close. — Picture by Azneal Ishak Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Feb 25 ― Bursa Malaysia rebounded from yesterday’s losses to open higher today, as buyers emerged to buy on weakness after the benchmark index declined by almost 2.0 per cent on a week-on-week basis. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 8.96 points, or 0....
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