Malaysian tech stocks rebounded 1.8% today, influenced by global tech optimism. Energy stocks fell 0.5% due to oil price volatility. The banking sector was the best performer, up 1.3%.
On February 2, 2026, various sectors in the Malaysian stock market showed mixed performances. The technology sector recorded a significant rebound today, gaining 1.8%, primarily driven by positive sentiment from overnight gains in US tech stocks. Investors are optimistic about the future growth prospects of semiconductor and electronic manufacturing services (EMS) companies. However, the energy sector faced pressure, declining 0.5%, as international oil prices fluctuated amidst oversupply concerns and expectations of slower global economic growth. Meanwhile, the banking sector continued to maintain its leading position, rising 1.3%, becoming the main driver of the market today. Analysts noted that the banking sector's robust performance is attributed to healthy loan growth and lower non-performing loan ratios. The property and healthcare sectors remained stable with minor fluctuations.
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