Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
TheEdge Markets has reported that global semiconductor sales fell 3% year-on-year in November last year, according to the US-based Semiconductor Industry Association (SIA).
SIA, representing U.S. leadership in semiconductor manufacturing, design, and research, yesterday announced worldwide sales of semiconductors reached $28.9 billion for the month of November 2015, 0.3 percent lower than the previous month’s total of $29.0 billion and 3.0 percent down from the November 2014 total of $29.8 billion. All monthly sales numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.
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| A drop in sales for global semiconductor sales, source: WSTS |
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| Source: http://www.design-reuse.com/news/38963/november-2015-semiconductor-sales.html |
Well, if you are looking at Bursa Malaysia, it is normal to look at the export stocks these days especially given how RM has dropped so much from just a year ago. The weakened Ringgit against the USD is of course a good news for these export counters but if you are expecting the semiconductor industries to do well, statistics suggest a slight drop.
So, what say you? Will the drop in sales be offset by the weakened Ringgit, making the semiconductor counters a good buy still?
According to the news report from The Edge Markets, SIA president and CEO John Neuffer said the global semiconductor sales in November were hurt by softening demand and lingering macroeconomic challenges. However, he said, “Despite these headwinds, the industry may narrowly surpass total annual sales from 2014 and is projected to post modest sales increases in 2016 and beyond."
To read the original news article by The Edge Markets, here is the link: http://www.theedgemarkets.com/my/article/global-semicon-sales-dipped-3-y-o-y-november-2015-says-sia
Even as I wrote this, I have a counter that is under the semiconductor industry: Inari Amertron Berhad.
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