The technology sector closed the day up 0.5%. Applied Energetics Inc ( AERG), Smith Micro Software ( SMSI), Qiao Xing Communication ( QXM), and Trunkbow International Holdings ( TBOW) were all decliners today within the technology sector with China Telecom ( CHA) being today's featured technology loser. China Telecom fell $1.83 (-3%) to $59.98 on heavy volume. Throughout the day, 160,838 shares of China Telecom exchanged hands as compared to its average daily volume of 103,100 shares.

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services in the People's Republic of China. China Telecom has a market cap of $50.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 21.1, below the average telecommunications industry P/E ratio of 21.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 18.8% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates China Telecom as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the positive front, Clearwire ( CLWR), Triquint Semiconductor ( TQNT), Zoom Technologies Inc ( ZOOM), and Egain Communications Corporation ( EGAN) were all gainers within the technology sector with Baidu Inc ( BIDU) being today's featured technology sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).