KUALA LUMPUR, Oct 20 (Bernama) -- Bursa Malaysia’s benchmark index edged higher at the close as bargain hunting emerged following Monday’s sharp sell-off, although it narrowly failed to reclaim the 1,600 level, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.83 points, or 0.24 per cent, to 1,599.58 from Monday’s close of 1,595.75. The index opened 3.18 points lower at 1,592.57, marking its intraday low, and reached an intraday high of 1,602.83 in early trading. On the broader market, decliners outnumbered gainers 751 to 331, while 499 counters were unchanged, 1,259 untraded and 10 suspended. Turnover rose to 2.86 billion units worth RM2.42 billion against Monday’s 2.49 billion units worth RM2.38 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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