KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 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%.
Comments
Post a Comment