KLCI Edges Up, Tech Stocks Lead While O&G Sector Underperforms

March 1, 2026

Market Updates

The Edge Markets

The FBM KLCI closed marginally higher by 0.15% at 1,558.70 points last Friday. Technology stocks showed strong performance, while the oil and gas sector faced pressure due to fluctuating crude oil prices.

Last Friday, the Malaysian stock market's FBM KLCI closed marginally higher by 2.34 points at 1,558.70, marking a weekly gain of 0.5%. Market sentiment remained cautious, with trading volume showing some slowdown. The technology sector was a standout performer, with stocks like Inari Amertron (INARI) rising 2.5%. Conversely, the oil and gas sector faced headwinds due to volatile international crude oil prices, seeing Petronas Chemicals (PCHEM) decline by 1.2%. Analysts anticipate the market will continue to monitor global economic data and corporate earnings reports this week, with the KLCI likely to trade within the 1,550 to 1,570 range in the short term.

View Source: The Edge Markets

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