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Digitalisation and automation likely to drive tech boom for the next five years
KUALA LUMPUR: The record closing on Wall Street galvanised investors’ confidence early Friday as they continued to accumulate chip makers, tech stocks while the strong oil prices saw firm interest in Petronas-linked stocks.
Blue chips fell in early Thursday trade as investors took profit after the several days of firm gains but again the broader market displayed resilience as foreign funds have been net buyers most of the week.
KUALA LUMPUR: Most chip makers and tech-related stocks staged a rebound early Wednesday, as investor sentiment was boosted by the overnight rally of Nasdaq.
KUALA LUMPUR: Share prices on Bursa Malaysia kicked off the week on a strong note, with the FBM KLCI advancing 0.73% amid follow-through buying momentum.
KUALA LUMPUR: Fund buying of Tenaga Nasional underpinned the FBM KLCI’s early gains while semicon and tech stocks were among the top gainers, riding on the overnight rally on Wall Street.
Takeover of little known Pimpinan Ehsan garners interest
AMID the rally in technology stocks that has pushed valuations through the roof, one particular company has remained a relatively cheaper proxy to the sector despite its attractive dividend yield and strong profit margin.