Today on Bursa Malaysia, the technology and energy sectors performed strongly, rising 2.1% and 1.8% respectively, primarily boosted by global demand and rising oil prices. In contrast, the property sector declined by 0.7%, facing ongoing challenges. This divergence highlights shifting investor preferences towards growth and commodity-linked sectors amidst evolving economic conditions.
Bursa Malaysia today displayed clear sectorial divergence. The technology sector surged 2.1%, driven by optimism over a cyclical recovery in global semiconductors, with companies like Inari Amertron Bhd and Vitrox Corp Bhd showing strong performance. The energy sector also climbed 1.8% as international oil prices (Brent crude surpassing US$80 per barrel) rose, benefiting counters such as Petronas Gas Bhd and Dialog Group Bhd. However, the property sector faced challenges, declining 0.7%, primarily impacted by the high interest rate environment and housing affordability issues. Analysts believe that technology and energy will remain market darlings in the coming months, while the property sector awaits clearer signals of economic recovery.
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