Malaysia's technology sector surged 1.8% on Friday, boosted by a recovery in global chip demand. The property and energy sectors, however, remained largely flat, awaiting fresh catalysts. The healthcare sector experienced a slight pullback after recent gains.
Sectoral performance on Bursa Malaysia was mixed, with the technology sector emerging as the strongest performer on Friday, climbing 1.8%. This surge was primarily driven by expectations of a global semiconductor industry recovery and increased export demand. Companies like Inari Amertron and Malaysian Pacific Industries saw significant share price appreciation. In contrast, the property sector remained largely flat, with cautious sentiment prevailing despite recent government stimulus measures. The energy sector also failed to sustain its recent rally, with volatile international oil prices clouding its outlook. The healthcare sector experienced a slight pullback of 0.3% after recent gains, as investors engaged in profit-taking. Analysts anticipate the strong momentum in the technology sector to continue, while other sectors may require more time to find new growth catalysts.
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