Tech Sector Under Pressure, Energy Boosted by Oil Prices

March 4, 2026

Sector Analysis

Bloomberg

Malaysia's technology sector faced selling pressure today, while the energy sector was boosted by rising international oil prices. Investors are re-evaluating growth prospects across various industries.

Malaysia's technology sector showed weakness today, with the FBM Technology Index falling 1.2%, largely influenced by a global tech stock pullback. For instance, Inari Amertron Bhd declined 1.5% to RM3.25. Concurrently, the energy sector benefited from rising international crude oil prices, with Brent crude surpassing US$85 per barrel. The FBM Energy Index climbed 0.9%, seeing gains in stocks like Sapura Energy Bhd, which rose 2.0% to RM0.051, and Yinson Holdings Bhd, up 1.0% to RM2.65. Analysts believe that the positive momentum in the energy sector could persist as long as crude oil prices remain firm, while the tech sector may require more time to digest valuation concerns.

View Source: Bloomberg

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