Malaysia's technology sector broadly retreated on Friday, influenced by a global tech stock sell-off. However, the banking and energy sectors displayed stronger resilience, with the former boosted by improved net interest margins and the latter benefiting from stable crude oil prices. Market capital flows showed divergence.
On Friday, February 28, 2026, sector performance in the Malaysian stock market showed significant divergence. The technology sector was broadly under pressure, with the FBM Technology Index falling 1.7%, mainly influenced by the retreat in US tech stocks and market concerns over the semiconductor cycle outlook. Inari Amertron and Malaysian Pacific Industries (MPI) fell by 1.5% and 1.8% respectively. In contrast, the financial sector performed robustly, with the FBM Financial Index rising 0.8%, benefiting from strong banking stock performance. The energy sector also displayed resilience, with the FBM Energy Index inching up 0.2%, as international crude oil prices remained around US$82 per barrel, supporting shares of companies like Petronas Chemicals and Dialog Group. This sector rotation reflects investors' flight to safety and value-seeking tendencies amidst uncertainty.
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