On Friday, Malaysia's technology sector outperformed, rising 1.5% driven by robust global semiconductor demand and positive earnings outlooks for key players like Inari Amertron (+2.5%). Conversely, the energy sector declined 0.7%, pressured by fluctuating oil prices and production concerns. The banking sector remained stable with modest gains, while property and healthcare sectors saw mixed movements. Investors are reallocating capital towards growth-oriented sectors.
Sectoral performance on Bursa Malaysia displayed a stark contrast on Friday. The technology sector emerged as the top performer, recording an overall gain of 1.5%. This surge was primarily fueled by robust global demand in the semiconductor industry and optimistic earnings expectations for local tech giants such as Inari Amertron (+2.5%) and Malaysian Pacific Industries (+1.8%). Investors actively channeled funds into this growth-oriented sector. Conversely, the energy sector faced headwinds, declining by 0.7% overall, attributed to fluctuating international oil prices and concerns surrounding future production outlooks. Petronas-related stocks, including Petronas Gas and Petronas Chemicals, experienced slight dips. The banking sector, however, maintained stability, registering a modest gain of 0.6%, supported by key banking counters. Property and healthcare sectors exhibited mixed movements, lacking a clear directional trend. Market capital is visibly shifting towards technology, perceived as a high-growth area.
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