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apple developer account:Tech stocks soar on shift towards digital services

admin2021-01-2080

Among the tech stocks, Globetronics Technology Bhd rose 15 sen to RM3.10, Inari Amertron Bhd added 6 sen to close at RM2.97, Unisem (M) Bhd gained 44 sen to RM7.83, Malaysian Pacific Industries Bhd surged RM1.48 to RM30.20 and Elsoft Research Bhd closed up one sen to 99 sen. PETALING JAYA: Technology stocks have kicked-off 2021 strongly, dominating the gainers list on Bursa Malaysia in spite of a negative environment where investors continue to be overwhelmed by the Covid-19 pandemic. The rise in technology stocks was reflected in the Bursa Malaysia Technology Index, which rose 2.62 points to 78.06 points yesterday, outperforming the benchmark FBM KLCI, which fell 17.49 points to 1,609.52. Among the tech stocks, Globetronics Technology Bhd rose 15 sen to RM3.10, Inari Amertron Bhd added 6 sen to close at RM2.97, Unisem (M) Bhd gained 44 sen to RM7.83, Malaysian Pacific Industries Bhd surged RM1.48 to RM30.20 and Elsoft Research Bhd closed up one sen to 99 sen. An analyst with a local bank-backed brokerage attributed the strong performance of local tech stocks to the large shift towards digital services that has been accelerated by the Covid-19 pandemic. “The global pandemic has fuelled the growth for technology. With the concept of work-from-home and distant learning becoming the standard operating procedure, there has been a rise in demand for laptops while data centres have also ramped up their capacity to handle the surge in web computing usage. “Today, the reliance on tech to get things done has never been greater.”CLICK TO ENLARGE Rackspace Technology Asia-Pacific and Japan chief technology officer Emma Pudney in a commentary recently said organisations will be looking for ways to recover from the pandemic and serve new consumers with reimagined business models, going into 2021. “One of the strongest tools that communities can use to manage disease spread is contact tracing. Initially, contact-tracing processes were manual, cumbersome and costly, which was manageable for the short term, but not sustainable for the long term.Unisem factory “Smartphones will play a larger role in contract tracing in 2021, as more and more applications come online that can integrate with smartphone data, ” she said. UOBKayHian in a recent report said the technology sector’s growth is “unstoppable” on the structural adoption of next-generation technologies, adding that additional impetus will also come from the US and China, who are forging their own supply chains.
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