Today on Bursa Malaysia, the technology sector faced profit-taking pressure, declining 1.2% after its recent strong rally. In contrast, the banking sector demonstrated resilience, gaining 0.7% amid stable economic outlook and potential interest rate hike expectations, attracting investor confidence.
KUALA LUMPUR, March 19, 2026 – Sectoral performance on Bursa Malaysia was mixed today. The technology sector, after several weeks of strong gains, faced profit-taking pressure from investors, with the FBM Technology Index declining by 1.2%. Counters like Globetronics Technology Bhd and Inari Amertron Bhd fell by 1.8% and 1.5% respectively. In contrast, the financial sector showed robust performance, with the FBM Financial Services Index rising by 0.7%. Major banking stocks such as Public Bank Bhd and RHB Bank Bhd both recorded gains. Analysts believe the correction in technology stocks is healthy, while banking stocks are benefiting from Malaysia's stable economic recovery and expectations of improved net interest margins in the future.
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