The technology sector showed robust performance today, with Inari Amertron's shares climbing 3.2%. This surge was driven by optimistic expectations of sustained growth in global semiconductor demand, benefiting Malaysian outsourced semiconductor assembly and test (OSAT) players. Investors are betting on a strong recovery in the electronics cycle.
Malaysia's technology sector was a standout performer today, with semiconductor giant Inari Amertron Bhd's shares surging 3.2% to close at RM3.90. This significant gain was primarily fueled by sustained market optimism regarding the global semiconductor demand outlook, particularly for advanced packaging and testing services. Analysts highlighted that with the rapid development in areas such as 5G technology, artificial intelligence, and data centers, Malaysia, as a crucial outsourced semiconductor assembly and test (OSAT) hub, is poised for continued benefits. Other tech stocks like Malaysian Pacific Industries (MPI) also rose by 2.5%. Investors are actively positioning themselves, anticipating strong revenue and earnings growth from technology companies in the coming quarters.
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