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Malaysia’s technology stocks climbed on Thursday (March 17) in tandem with tech-heavy Nasdaq, which closed 3.8% higher on Wednesday, against the backdrop of global semiconductor materials market revenue topping US$64 billion (RM268.1 billion) in 2021 to set a new record. ....
KUALA LUMPUR (Feb 16): The main index of Bursa Malaysia pared some of its gains in the mid-morning today against a backdrop of firm regional markets. At 10.10am, the FBM KLCI had risen 1.40 points to 1,609.47. The index earlier rose to a high of 1,612.04. Losers led gainers by 449 to 419, while 435 counters traded unchanged. Trading volume was 3.52 billion shares valued at RM1.44 billion. The gainers included Genetec Technology Bhd, Heineken Malaysia Bhd, Widetech (Malaysia) Bhd, Ark Resources Holdings Bhd, Sapura Industrial Bhd, Hengyuan Refining Company Bhd and Malaysian Pacific Industries Bhd. The actively traded stocks included DGB Asia Bhd, ARB Bhd, Dagang NeXchange Bhd (DNeX), Luster Industries Bhd and Fintec Global Bhd. ....
The stocks with negative momentum were: Asia File Corp Bhd up five sen at RM2.16 BSL Corp Bhd up two sen at 69.5 sen Formosa Prosonic Industries Bhd up 16 sen at RM2.5 Inari Amertron Bhd up 11 sen at RM2.86 Pineapple Resources Bhd down 3.5 sen at 45 sen Toyo Ventures Holdings Bhd up 37 sen at RM2.7 Xian Leng Holdings Bhd up 4.5 sen at 75.5 sen YBS International Bhd up 2.5 sen at 21 sen The stocks with positive momentum were: KPower Bhd up 22 sen at RM2.44 PRG Holdings Bhd up three sen at 22.5 sen Sarawak Consolidated Industries Bhd up nine sen at RM1.68 The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum. ....