On Friday, Malaysia's stock market saw robust performance in the energy and technology sectors, gaining 1.5% and 1.0% respectively. However, the property sector faced pressure, declining 0.3%, as ongoing concerns about a high-interest rate environment weighed on investor sentiment. Investors are rebalancing portfolios towards growth and defensive plays.
Malaysia's stock market saw a mixed sectoral performance on Friday. The energy sector stood out, buoyed by rising international crude oil prices, with its index climbing 1.5%. Stocks like Petronas Chemicals and Genting Malaysia were actively traded within this sector. The technology sector also extended its recent rally, gaining 1.0%, as investors remained optimistic about the semiconductor outlook and the broader digital economy. Conversely, the property sector faced headwinds, declining 0.3%, due to persistent concerns that a high-interest rate environment could dampen housing demand and developers' profit margins. Analysts noted that in the current market climate, investors are gravitating towards sectors with clear growth prospects or those benefiting from rising global commodity prices.
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