The energy sector experienced mixed performance today due to fluctuating international oil prices, with Petronas Chemicals falling 0.7%. Conversely, the technology sector continued its robust run, benefiting from strong global demand for semiconductors and digital services, exemplified by Inari Amertron's 2.8% gain. Investors are re-evaluating sector allocations.
On Bursa Malaysia today, the energy sector displayed noticeable volatility, primarily influenced by a pullback in international crude oil prices. Brent crude dipped slightly below US$80 per barrel, putting pressure on several energy stocks, with Petronas Chemicals Group Bhd (PCHEM) falling 0.7% to RM7.20. Conversely, the technology sector maintained its robust momentum, propelled by strong global demand for semiconductors and an accelerating pace of digital transformation. Inari Amertron Bhd surged 2.8% to RM3.70, while D&O Green Technologies Bhd also recorded a 1.5% gain to RM3.40. Analysts noted that despite potential short-term oil price fluctuations, the long-term growth prospects for the technology sector remain optimistic, attracting continuous capital inflows.
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