Tech Sector Pulls Back, Financials and Energy Outperform

February 27, 2026
Sector Analysis
Star Biz

Sector performance on Bursa Malaysia was mixed today, with the technology sector experiencing a pullback after recent gains. In contrast, the financial and energy sectors showed strong performance, driven by commodity prices and optimistic bank earnings forecasts. Property stocks were largely flat.

KUALA LUMPUR, Feb 27, 2026 – Sector performance on Bursa Malaysia was distinctly mixed today. The technology sector experienced a pullback after its recent strong rally, with the FBM Technology Index declining 0.7% as investors took profits. In contrast, the financial sector stood out, with the FBM Financial Services Index gaining 0.6%, primarily driven by heavyweight bank stocks like Maybank and CIMB. The energy sector also performed strongly, with the FBM Energy Index rising 1.2%, benefiting from stabilizing and recovering international oil prices. Crude oil prices breaching US$85 per barrel boosted confidence in oil and gas companies. The property sector remained relatively flat, with the FBM Property Index slipping 0.1%, as the market awaits clearer signals of economic recovery.
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