Technology Sector Leads Gains, Energy Sector Affected by Oil Price Volatility

March 1, 2026

Sector Analysis

Bursa Malaysia

The technology sector was a standout performer this week, climbing 3.5% driven by a recovery in semiconductor demand. Conversely, the energy sector faced pressure from volatile international oil prices, declining by 0.8%. Analysts expect the tech sector to continue benefiting from the global chip cycle upturn.

KUALA LUMPUR, March 1, 2026 – Sectoral performance on Bursa Malaysia this week showed a divergent trend. The technology sector emerged as one of the top performers, gaining 3.5% overall, buoyed by optimism surrounding a recovery in global semiconductor demand. Key tech stocks like Inari Amertron and Malaysian Pacific Industries (MPI) advanced 3.1% and 2.7% respectively. Analysts believe the sector is poised for continued growth driven by increasing global electronics demand and 5G adoption. In contrast, the energy sector faced headwinds, declining 0.8% as international crude oil prices (Brent) fluctuated between US$82 and US$85 per barrel, with market concerns over slowing global economic growth impacting demand outlook. Tenaga Nasional also saw a marginal dip of 0.3% due to fuel cost uncertainties.

View Source: Bursa Malaysia

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