Technology stocks edge up on promising semicon outlook

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KUALA LUMPUR (March 4): Technology-related stocks advanced in early trade on Wednesday after global semiconductor sales rose in January.

At 9.28am, Unisem (M) Bhd rose 2.86% or 6 sen to RM2.16 while its warrants jumped 3.45% or half a sen to 15 sen.

Vitrox Corporation added 0.93% or 3 sen to RM3.26, Globetronics Technology Bhd up 0.21% to RM4.88, Century Software Holdings Bhd gained 2.25% or one sen to 45.5 sen and Digistar Corporation Bhd added 2.5% to 20.5 sen.

MIDF Research maintained its “Positive” rating on the semiconductor sector and said global sale of semiconductor increased 8.7% year-on-year to US$28.5 billion in January 2015.

“January 2015 sales data was mixed with the Americas and Asia Pacific regions continue to outperform

“Book-to-bill ratio resumed above parity in January 2015

“Maintain Positive for the the semiconductor industry as overall outlook remains promising,” it said.