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aws全区号( stocks bounce back following recent selling



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KUALA LUMPUR: Technology counters rebounded in early trading after the recent sharp declines, while blue-chip counters on the FBM KLCI took a breather from its rally.The performance tracked a relief rally on Wall Street overnight as major US indices bounced back from a five-day decline.US bond yields stabilised although analysts said they expect further increases as US Federal Reserve chairman Jerome Powell reiterated his commitment to bringing inflation under control.At 9.05am, the FBM KLCI was down 1.16 points to 1,563.13. The market breath was positive with 204 gainers compared to 118 decliners.Among blue chips, trading action was subdued with a some profit-taking in Maybank down three sen to RM8.47, Maxis falling seven sen to RM4.51, Axiata dropping three sne to RM3.82 and Peronas Gas down four sen to RM16.80.Technology stocks were seen bouncing higher after being on the slide in recent days owing to hawkish Fed comments. The Bursa Malaysia Technology Index rose 1.5%.Some notable jumps were seen in D&O up seven sen to RM5.52, Greatech gaining 13 sne to RM6.01, Inari rising seven sen to RM3.70 and MPI climbing 90 sen to RM47.46.Vitrox rose 34 sen to RM18.64, UWC gained 13 sne to RM5.55 and Unisem added 13 sen to RM3.82.On the actives list, OCR was unchanged at 18.5 sen, SMTrack flat at 30 sen and Sapura Energy unmoved at five sen.


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