Energy Sector Boosted by Rising Oil Prices, Tech Continues Rally

February 6, 2026

Sector Analysis

Star Biz

The energy sector was boosted by rising international oil prices, while the technology sector continued its rally amidst optimism over a global semiconductor recovery. Other sectors showed mixed performance.

On Friday, the FBM KLCI Energy Index rose 1.8%, primarily supported by crude oil prices breaking above US$80 per barrel. Dialog Group Bhd gained 2.1%, and Yinson Holdings Bhd climbed 1.5%. Concurrently, the FBM KLCI Technology Index also advanced 2.3%, extending its strong performance this week. Global demand for AI and data centers is expected to drive growth in the semiconductor industry. However, the property and construction sectors showed relatively flat performance, while the healthcare sector saw a slight dip due to profit-taking by investors.

View Source: Star Biz

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