KUALA LUMPUR: Technology and semiconductor-related stocks are among the top gainers on Bursa Malaysia in early trade Friday.
Bursa Malaysia Technology Index rose 0.4 point to 65.64 points.
Greatech Technology Bhd
, Dufu Technology, Vitrox Corp Bhd, Unisem (M) Bhd and Pentamaster are among the top gainers on Bursa Malaysia.
Greatech rose 10 sen to RM5.11, Dufu climbed seven sen to RM2.06 and Vitrox added six sen to RM7.66.
Unisem and Pentamaster gained five sen each to RM2.83 and RM4.65 respectively.
According to analysts, the escalation in the US-China chip war will likely benefit Malaysia.
The Semiconductor Industry Association (SIA) announced that global semiconductor industry sales were US$46.9bil during the month of October 2022, a slight decrease of 0.3% compared to the September 2022 total of US$47bil and down 4.6% compared to the October 2021 total of US$49.1bil.
“Global semiconductor sales ticked down again in October, with sales decreasing on a year-to-year basis by the largest percentage since December 2019,” said John Neuffer, SIA president and CEO.
“Sales into the Americas market stood out as a bright spot in October, increasing by double-digits compared to the same month last year.”
