Tech stocks slide following sell-off in US last week

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KUALA LUMPUR (April 23): Technology-related stocks on Bursa Malaysia fell this morning following the 4% sell-off of stocks in that sector in the US at the end last week.

At 11.42am, the technology index on Bursa fell 1.58% to 31.20.

Among the Main Market-listed technology stocks, Frontken Corp Bhd fell 2.3% to 4.25 sen, Green Packet Bhd was down 2.94% to 33 sen, Globetronics Technology Bhd fell 2.21% to RM3.98, KESM Industries Bhd declined 1.7% to RM16.22 and ViTrox Corp Bhd dipped 0.38% to RM5.20.

On the ACE Market, Aemulus Holdings Bhd lost 4.05% to 35.5 sen, Kronologi Asia Bhd fell 4.84% to 59 sen and ManagePay Systems Bhd dropped 5.26% to 18 sen.