Today, Malaysian stock market saw strong performances in the technology and energy sectors, rising 1.5% and 1.1% respectively, supported by global chip demand and stable oil prices. The property sector, however, lagged with a 0.5% decline due to cautious sentiment on new project demand.
Sectoral performance on Bursa Malaysia was mixed today. The technology sector was a standout, gaining 1.5%, primarily driven by the global semiconductor industry recovery and AI-related demand. Companies like Inari Amertron Bhd and Malaysian Pacific Industries Bhd saw rises of 1.8% and 1.2% respectively. The energy sector also performed well, up 1.1%, as international crude oil prices remained above US$80 per barrel, boosting investor confidence in oil and gas firms. Conversely, the property sector underperformed, declining 0.5%. Despite some new project launches, market sentiment remains cautious regarding housing affordability and future demand. Banking and healthcare sectors showed stable, modest gains.
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