Technology -related stocks continued to decline following profit -taking activity in this morning's trading session.
Malaysian Pacific Industries Bhd (MPI), ViTrox Corp Bhd and Unisem (M) Bhd were among those who recorded losses.
MPI was the biggest loser this morning, down RM1.42 or 3.6% to RM37.98 at 10.48am.
ViTrox also lost 42 sen or 2.65% to RM15.40, followed by Unisem which declined 24 sen or 2.97% to RM7.85.
Rakuten Trade's head of research, Kenny Yee, said the technology counter this morning was likely due to profit -taking activity and a shift in buying interest in oil and gas stocks as well as underweight stocks.
He thinks tech counters will remain in a declining trend for the short term.
Overall, the Bursa Malaysia Technology Index was up 1.65% to 83.59 points at 10.49am.
Frontken Corp Bhd, Mi Technovation Bhd, UWC Bhd, Dufu Technology Corp Bhd and PIE Industrial Bhd were among the 20 counters that suffered losses.
At 10.52am, Frontken was down 16 sen or 3.21% to RM4.83; Mi Technovation decreased 14 sen or 3.46% to RM3.91; UWC declined 17 sen or 2.93% to RM5.64; PIE lost 10 sen or 2.95% to RM3.29 and Dufu declined 10 sen or 2.95% to RM3.29.
