Strong recovery likely for tech in 2H

Areca Capital's Wong expects interest in tech stocks to reappear when local tech companies start obtaining orders from their front-end customers.

PETALING JAYA: Technology stocks have been in the doldrums for the past 18 months due to weakening global tech demand and inflationary pressures that triggered an inventory glut across the industry.

While there has been a slight uptick in the Bursa Malaysia Technology Index this trading week, year-to-date, the index is down by 2% and has remained largely range bound since May 2022.