Thursday, May 19, 2011

Tech-related stocks decline at mid-morning

KUALA LUMPUR: TECHNOLOGY []-related stocks declined at mid-morning on Thursday, May 19 as the near-term outlook for hard disk drive and other components remain subdued in the near term.

Further, the 81% slump in JCY International Bhd's 2Q net profit also appeared to weigh on investor sentiment.

At 10.25am, MPI fell eight sen to RM4.92, Mclean Technologies down three sen to 38 sen, JCY and Green Packet lost two sen each to 63 sen and 73 sen, Unisem one sen to RM1.56 and Globetronics half a sen to 99.5 sen.

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