Malaysia's technology sector surged 2.1% on Friday, emerging as the top-performing segment. Investors are optimistic about a global semiconductor industry recovery, driving up local tech stocks such as Inari Amertron Bhd and Vitrox Corporation Bhd. This positive momentum is fueled by strong demand for AI-related hardware and a cyclical upturn in electronics manufacturing.
Malaysia's technology sector index climbed 2.1% today, making it the strongest performing segment. Shares of Inari Amertron Bhd rose 2.5% to RM3.55, while Vitrox Corporation Bhd jumped 3.0% to RM7.80. This rally was primarily driven by expectations of a global semiconductor industry recovery, particularly amid increasing demand for Artificial Intelligence (AI) and 5G technologies. The strong overnight performance of the Philadelphia Semiconductor Index also boosted sentiment for local tech stocks. Analysts anticipate better earnings prospects for Malaysian semiconductor testing and packaging companies as global economic activity picks up and supply chain bottlenecks ease, positioning them for sustained growth in the coming quarters.
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