Chipmakers, tech stocks rally as KLCI slumps


KUALA LUMPUR: Chip makers and tech-related stocks continued to outshine the broader market with MPI scaling to fresh historic highs.

At 3.30pm, the FBM KLCI was down 16.76 points or 1.03% to 1,610.25. Turnover was 5.46 billion shares valued at RM3.05bil. There were 403 gainers, 789 losers and 359 counters unchanged.

MPI rallied RM1.50 to RM30.22 with 767,700 shares done, UWC and JF Tech 76 sen each to RM11.52 and RM6.78, PMB Tech 60 sen to RM5.30, Genetec 56 sen to RM2.65.

Toyo Ventures climbed 41 sen to RM3.06. Its shares had been rallying, amid a mild pullback, despite Bura Securities’ move to freeze the upper limit of the share price on Dec 31.

In late December, it finally executed the build, operate and transfer (BOT) contract with Vietnam’s Ministry of Industry and Trade.

The contract was to build the US$3.23bil Song Hau 2 thermal power plant project, which was first announced in 2008.

Kobay Technology, a low-profile property and precision parts manufacturer, surged 60 sen to a record high of RM4.95. In its first quarter ended Sept 30,2020, its net profit rose to RM5.23mil from RM4.32mil a year ago. It has cash and cash equivalents of nearly RM60mil.

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MPI , UWC , JF Tech PMB Tech

   

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