KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
Semiconductor Industry Association (SIA) is showing data that is pointing towards a declining attraction in the semiconductor industry, with a worldwide sales of semiconductors that fell by 5.8% year-on-year to US$26.9 billion in January this year compared to the US$28.5 billion a year ago.
In a statement on its website March 3, SIA said that the figure was 2.7% lower month-on-month and 16.9% year-to-year.
SIA president and CEO John Neuffer said global semiconductor sales decreased in January across most regional markets and product categories, largely due to softening demand and lingering macroeconomic headwinds.
Regionally, sales decreased in most regions: China (-0.4% m-o-m/+4.3% y-o-y), Europe (-1.7%/-7.7%), Japan (-3.3%/-5.1%), Asia Pacific/All Other (-2.8%/-6.5%), and the Americas (-5.9%/-16.9%).
“Despite these challenges, modest market growth is projected for 2016, following essentially flat sales last year,” he said.
It said sales also decreased across most major semiconductor product categories, with the notable exception of microprocessors, which increased year-to-year by 2.1%.
In a statement on its website March 3, SIA said that the figure was 2.7% lower month-on-month and 16.9% year-to-year.
SIA president and CEO John Neuffer said global semiconductor sales decreased in January across most regional markets and product categories, largely due to softening demand and lingering macroeconomic headwinds.
Regionally, sales decreased in most regions: China (-0.4% m-o-m/+4.3% y-o-y), Europe (-1.7%/-7.7%), Japan (-3.3%/-5.1%), Asia Pacific/All Other (-2.8%/-6.5%), and the Americas (-5.9%/-16.9%).
“Despite these challenges, modest market growth is projected for 2016, following essentially flat sales last year,” he said.
It said sales also decreased across most major semiconductor product categories, with the notable exception of microprocessors, which increased year-to-year by 2.1%.
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