KUALA LUMPUR (Aug 17): Technology-related counters rose in mid-morning trades today and should continue outperforming the broader market, as buying support reemerged on Bursa Malaysia.

Hong Leong Investment Bank Research analyst Loui Low said in a note today that while the FBM KLCI is mildly trending higher towards the resistance range of 1,775-1780 points, the Bursa Malaysia Technology index could revisit its recent peak of 38 points.

As at 10.40am, the Bursa Malaysia Technology index advanced higher with a 0.72% increase to 37.8 points, with more gainers than decliners across the sub-index board.

KESM Industries Bhd rose 10 sen or 0.66% to RM15.30 at open, up from its RM13.82 closing price last Friday.

Inari Amertron Bhd saw high volumes of 1.85 million shares traded as at 10.45am today, helping the stock regain its momentum towards its RM2.50 level breached last week.

Unisem (M) Bhd was also transacted at RM3.94, 4 sen or 1.03% higher at open today, totalling just under 170,000 shares traded by mid-morning.

Vitrox Corporation Bhd opened 5 sen or 1.1% higher at RM4.60, with some 240,000 shares traded in mid-morning trades.

Across the ACE market, gainers with shares transacted at a 5% or higher increase included EA Holdings Bhd, M3 Technologies (Asia) Bhd, Mikro MSC Bhd, VSolar Group Bhd, and Malaysian Genomic Resrouces Centre Bhd.

High volume of bids emerged in the market for Key Asic Bhd, Netx Holdings and Vivocom International Holdings Bhd.

Amid positive sentiment this morning, Green Packet Bhd, Digistar Corporation Bhd, Globetronics Technology Bhd, Systech Bhd and Orion IXL Bhd were among decliners.