Tech stocks hold off further losses


Technology-based counters such as Inari Amertron Bhd (up two sen to RM1.50), Globetronics Technology Bhd (up seven sen to RM1.59), Malaysian Pacific Industries Bhd (up 30 sen to RM10.14), and KESM Industries Bhd (up 11 sen to RM8.36) all gained at the day

PETALING JAYA: After the recent huge falls in their market value hurt by Apple’s note to its investors, technology stocks held off further declines even as another smartphone maker, Samsung, guided for a sharply weaker fourth-quarter earnings report.

The firmer equity market sentiment following a higher close on the US stock markets overnight also helped the case for these battered tech stocks.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Guan Huat Seng opens slightly lower at 24 sen in ACE Market debut
Australian dollar scales 15-month high on strong jobs data
Gold dips, stocks lift as Trump walks back Greenland threats
Ringgit opens firmer on OPR hold expectations
Bursa Malaysia tracks global rebound as Trump walks back tariffs threat
Trading ideas: Sunway, IJM, Binastra, Capital A, Elridge, Oxford Innotech, Steel Hawk, Carimin, SMRT, Reneuco, Suria, KIP REIT, Pantech
Wall Street jumps on Greenland framework deal
Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Maybank’s sustained returns growth ambition

Others Also Read