Wednesday, October 13, 2010

JCY gains on more upside for tech sector

KUALA LUMPUR: JCY International Bhd share price advanced on Wednesday, Oct 13 as investors viewed there was more upside for the hard-disk drive manufacturer following a recovery in the sector after Intel provided a positive outlook for chips.

At 3.05pm, JCY was up nine sen to RM1.04 with 31.09 million shares done.

The FBM KLCI rose 6.23 points to 1,492.80. Turnover was 689 million shares valued at RM1.06 billion.

Industry players said there was more upside for the hard-disk drive manufacturer due to demand for heavy usage among personal computers and lap tops, while acknowledging there was a rising usage of solid-state drives also.


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