Malaysia's stock market saw a broad retreat in the technology sector today, with Inari Amertron falling 1.5%, putting pressure on the overall market. Energy stocks also trended lower due to a slight dip in international oil prices, with Petronas Chemicals declining 0.8%. This sector-specific weakness contributed to the FBM KLCI's marginal decline.
On February 24, 2026, Malaysia's technology sector faced broad-based correction pressure today, becoming one of the main factors dragging down the broader market. Tech giant Inari Amertron Bhd (INARI, stock code: 0166) fell 1.5% to RM3.28, with most other semiconductor-related stocks also trending lower. Investors remained cautious about the sustainability of the recent global tech stock rally, with some profit-taking observed. Concurrently, the energy sector also performed poorly, influenced by a slight pullback in international crude oil prices, seeing Petronas Chemicals Group Bhd (PCHEM, stock code: 5183) decline by 0.8% to RM6.65. Despite ongoing expectations of global economic recovery, short-term oil price volatility and valuation pressure on tech stocks weighed on these two sectors. Analysts advise investors to focus on long-term fundamentals and be wary of short-term market fluctuations.
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