Malaysia's financial sector showed robust performance on Monday, gaining 0.6% driven by banking stocks. In contrast, the technology sector fell 0.4% amid slower global chip sales and uncertain US interest rate outlook. Energy and healthcare sectors also saw subdued activity.
On March 2, 2026, various sectors in the Malaysian stock market showed divergent performances. The financial sector stood out, collectively gaining 0.6%, primarily driven by strong performances from major banking stocks like Maybank and CIMB. Market sentiment towards bank earnings prospects and loan growth remained optimistic. However, the technology sector faced pressure, declining 0.4%, influenced by slower global semiconductor sales and the prospect of potential interest rate hikes in the US. Investors maintained a cautious stance on tech stock valuations. The energy sector saw a marginal dip of 0.2% amidst fluctuating oil prices, while the healthcare sector remained largely flat due to a lack of new catalysts. Analysts anticipate the resilience in the financial sector to continue, while the tech sector may require new growth narratives to regain momentum.
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