Malaysia's technology sector surged 2.1% today, buoyed by optimistic expectations for a global semiconductor industry recovery and robust export data. Key players like Inari Amertron Bhd and Malaysian Pacific Industries Bhd (MPI) led the charge, signaling renewed investor confidence in the sector's prospects.
Malaysia's technology sector took center stage in today's market, with the FBM Technology Index climbing 2.1%, outperforming the broader market. This robust performance is primarily attributed to the positive outlook for a global semiconductor industry recovery, coupled with Malaysia's recently released strong export data for electrical and electronic products. Investors flocked to tech stocks, with Inari Amertron Bhd gaining 3.5% to RM3.80, and Malaysian Pacific Industries Bhd (MPI) also rising 2.8% to RM30.20. Analysts point out that local tech companies are poised to benefit from the increasing global demand for artificial intelligence and 5G technologies. Despite facing global supply chain challenges, the sector's long-term growth prospects remain optimistic.
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