KUALA LUMPUR (March 8): Technology-related stocks on Bursa Malaysia continued to fall on profit taking today, as the selldown on US technology stocks weighed on sentiment and investors shifted interest to other recovery plays.
Bursa Malaysia’s technology index fell 6.09% to 79.81, with Malaysian Pacific Industries Bhd, ViTrox Corp Bhd and UWC Bhd topping the list of losers.
MPI was the top loser, plunging RM4.52 or 11.47% to RM34.88, followed by ViTrox’s RM1.22 or 7.71% drop to RM14.60, and UWC sinking 68 sen or 11.7% to RM5.13.
Meanwhile, KESM Industries Bhd slid 62 sen or 4.59% to RM12.88, Unisem (M) Bhd lost 59 sen or 7.29% to RM7.50, Penta Master Corp Bhd tumbled 47 sen or 8.22% to RM5.25, and D&O Green Technologies Bhd slipped 41 sen or 10.57% to RM3.47.
Iowan Dustin Dirksen Leads WPT Venetian After Day 1
2 Min read
Dustin Dirksen, who hails from the great state of Iowa, bagged the biggest stack on Day 1 at the $5,000 buy-in WPT Venetian in Las Vegas. The biggest event in Nevada since COVID-19 attracted a whopping 937 entries, with 224 of them advancing to Day 2.
Dustin Dirksen proving he can compete with the big dogs at WPT Venetian. (Image: WPT.com)
Only about half of the remaining players will get paid as it pays the top 118. Many of the games best players came out to the poker capital of the world for this event.
PETALING JAYA: The exodus of investors from glove stocks showed no signs of stopping even as valuations turned more attractive such as in the case of Top Glove Corp Bhd, (pic) where its price-to-earnings ratio (PER) dropped to a single digit.
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LAST week, scores of technology-related companies saw their share prices climbing ahead of Prime Minister Tan Sri Muhyiddin Yassin’s announcement of the MyDIGITAL blueprint on Friday.
Digital services and solution providers such as Revenue Group Bhd, Dataprep Holdings Bhd, GHL Systems Bhd, Dagang NeXchange Bhd, Censof Holdings Bhd and ManagePay Systems Bhd were among the top gainers, along with two obvious winners Telekom Malaysia Bhd (TM) and AwanBiru Technology Bhd.
Prestariang Systems Sdn Bhd, a unit of AwanBiru formerly known as Prestariang Bhd has been appointed a managed service provider (MSP) to manage cloud services for the government.
TM, on the other hand, has received conditional approval to provide services to the government for the migration of 80% of public data into the hybrid cloud system by end-2022. This is expected to translate into lower government cost in information technology management and better efficiency in the collection and management of data.