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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

MPI , UWC , JF Tech PMB Tech


Did you find this article insightful?


100% readers found this article insightful

Next In Business News

CPO futures trading to remain range bound next week
Advisory panel unanimously recommends FDA authorize Johnson & Johnson COVID-19 vaccine
GameStop rally fizzles; shares still register 151% weekly gain
NYSE begins move to delist Chinese state oil producer CNOOC
Oil price drops on US$ strength and OPEC+ supply expectations
GLOBAL MARKETS-Globals stock slide on inflation fears
AMMB says it has enough capital to absorb 1MDB global settlement�
A five-year high for FGV Holdings
AMMB to pay RM2.83bil to the government
IHH to take proactive measures

Stories You'll Enjoy