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KUALA LUMPUR (Oct 23): Tech-linked stocks emerged as the top three winners at noon today after news that Chinese tech giant Huawei Technologies Co Ltd quietly spent months competing to stock critical radio chips, before from US President Donald Trump’s sanctions to ensure it can deliver its 5G orders for next year.
The Bursa Malaysia Technology Index rose 1.77% to 61.97, driven by gains across the index components.
ViTrox Corp Bhd, JF Technology Bhd, and MI Technovation Bhd were up 3.87%, 11.59%, and 7.46% at RM14.48, RM5.10, and 4.75, respectively.
JF Technology, a company involved in manufacturing high-performance test plugs, partnered with Huawei in July last year.
Other tech-related stocks that also posted gains include UWC Bhd, which rose 16 sen to RM6.96, and Pentamaster Corp Bhd, which added 10 sen to RM5.50.
Read also:
ViTrox Shares Hit All-Time High with Solid Earnings, Record Third Quarter Revenue
HLIB Upgrades Tech Sector Rating, Expects Multi-Year Earnings Growth
Frontken rises 1.63% on positive technical aspects and 5G outlook
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