PETALING JAYA: The global sell-off in technology stocks is seen as an opportunity to buy on the dip by equity analysts, as such stocks experience volatility ahead of interest rates rise in the United States.
With investors reassessing their portfolios and looking at bonds which offer improved returns, technology stocks on Bursa Malaysia have not been spared.
Malaysian Pacific Industries
Bhd had dropped 17.25% since the start of the year to RM40.96 on Friday. Unisem (M) Bhd (26.6% tumble to RM3.04), Greatech Technology Bhd (27.4% drop to RM5.07), Inari Amertron Bhd (16.5% drop to RM3.38), Pentamaster Corp Bhd (20.5% drop to RM4.45) and Frontken Corp Bhd (15.2% drop to RM3.40) have compounded the selling pressure to send the technology index lower.
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