Local technology counters were some of the biggest winners on Bursa Malaysia today, with the technology index posting a 3.33% gain to close at 55.31, which mirrors the Nasdaq Composite Index hitting a record high at the start of this week, according to Inter-Pacific Securities head of research, Victor Wan.
“For the upcoming results, tech counters are expected to fare slightly better than before, if the negative impact from the movement control order is discounted, as the demand for technology and technology related products is still growing,” Wan toldAt today’s close, the sector’s biggest gainers were, Vitrox Corp which gained 26 sen or 2.17% to close at RM12.26, while Unisem closed 23 sen or 7.21% higher at RM3.42, and Globetronics ended 6.47% or 18 sen up at RM2.96.
On a monthly basis, semiconductor sales for June declined 0.3% from US$34.6 billion reported in May this year.