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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’s close.

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’s close.

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.

   

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