Sector performance on Bursa Malaysia was mixed today, with technology and energy sectors showing strong gains, up 1.5% and 0.8% respectively, driven by global demand recovery. However, the property sector faced pressure, declining by 0.4% amidst cautious market sentiment.
On Bursa Malaysia, the technology sector stood out today, gaining 1.5% overall, driven by sustained strong global semiconductor demand. Companies like Inari Amertron and Malaysian Pacific Industries led the gains. The energy sector also performed robustly, rising 0.8%, as international oil prices remained stable above US$80 per barrel, boosting investor confidence in oil and gas companies. However, the property sector faced pressure, declining by 0.4%, as the market remains cautious about the high-interest rate environment and the real estate market outlook. The construction and consumer goods sectors showed stable performance with minor fluctuations. Analysts expect the strong momentum in the technology and energy sectors to continue, while the property sector awaits clearer signals of economic recovery.
Share: