On Friday, Malaysia's stock market saw strong performances from the banking and technology sectors, rising 1.1% and 0.9% respectively. The energy sector also found support from stabilizing oil prices, indicating broad-based market optimism.
On Friday, Malaysia's banking sector delivered an impressive performance, with its overall index climbing 1.1%, primarily driven by robust loan growth expectations and stable net interest margins. The technology sector also fared well, gaining 0.9%, propelled by a global tech stock rebound and local digital economy transformation initiatives. The energy sector found support from Brent crude oil prices hovering around US$82 per barrel, leading to an overall gain of 0.7%. The property sector edged up 0.3%, while healthcare saw a slight decline of 0.2% due to profit-taking. Analysts believe these sectorial gains reflect investor confidence in economic recovery and corporate earnings growth.
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