Malaysian Science and Technology Stocks

Malaysian technology stocks rebounded strongly on Friday, but blue-chip stocks had mixed ups and downs. The closing market of the Malaysian FTSE Composite Index rose slightly by 0.5 points to 1402.98 points, with a trading volume of only 2.4 billion shares throughout the day.

Inari (INARI), the only technology stock in KLCI, surged 21 cents to RM2.47, but this did not help raise KLCI.

The technology sector rose across the board. Ma Pacific (MPI) rose 52 cents to RM26.24, Qianyan Technology (FRONTKN) rose 24 cents to RM3.07, GREATEC (GREATEC) rose 23 cents to RM4.07, KESM (KESM) rose 20 cents to RM7.01, and Tengda Technology (PENTA) rose 14 cents to RM4.88.