Today on Bursa Malaysia, the technology sector faced correction pressure, with key tech stocks declining by 1.2%. The energy sector remained cautious due to fluctuations in international oil prices, with Brent crude hovering around US$83 per barrel. Investors are re-evaluating tech stock valuations and closely monitoring global energy market dynamics for future direction.
On March 5, 2026, Malaysia's technology sector faced pressure today, with the FBM Technology Index falling 1.2%, primarily influenced by a correction in US tech stocks and uncertain local earnings outlooks. For instance, Inari Amertron dropped 1.5% to RM3.25, while Vitrox Corporation also declined 1.0% to RM6.90. Investor interest in highly valued tech stocks has waned. Concurrently, the energy sector also displayed caution, with the FBM Energy Index dipping slightly by 0.3%. International Brent crude oil prices fluctuated around US$83 per barrel, as market concerns persist over potential impacts of slowing global economic growth on oil demand. Petronas Gas remained stable, closing at RM17.50, but other small and mid-cap oil and gas service companies faced selling pressure. Analysts advise investors to adopt a more defensive investment strategy amidst current uncertainties.
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