MPI – hit record highs on expected boom

KUALA LUMPUR (July 30): Malaysian Pacific Industries Bhd (MPI) and ViTrox Corp Bhd surged to all-time highs today, as semiconductor chip

demand is expected to pick up in the second half of the year due to new smartphone launches.

Shares of MPI, which is principally involved in semiconductor manufacturing, rose as much as 7.87% to RM13.70 before the midday break.

The counter pared some of its gains to settle at RM13.40 by 2pm, which is 70 sen or 5.51% higher than yesterday’s closing price.

At this price, MPI, the top gainer on Bursa Malaysia today, was valued at RM2.64 billion. Around 239,700 shares were transacted….


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