Today, Malaysian technology stocks faced profit-taking pressure, with the sector index falling 1.5%. In contrast, the banking and energy sectors showed resilience, rising 0.8% and 0.3% respectively, indicating investors' preference for traditional industries amidst market uncertainties. Property stocks were mixed.
KUALA LUMPUR, February 5, 2026 – Sectoral performance on Bursa Malaysia was mixed today. The Technology Index dipped by 1.5%, primarily due to profit-taking stemming from an uncertain global semiconductor outlook and recent strong gains. For instance, tech giants like Inari Amertron fell 2.1%, while Frontken slid 1.8%. In contrast, the Banking Index showed robust performance, climbing 0.8%, buoyed by strong showings from Maybank and CIMB. The Energy Index also posted a modest gain of 0.3%, supported by stable international crude oil prices. The Property sector was mixed, with some second-tier stocks seeing gains while major developers remained flat. The Healthcare sector traded sideways, lacking fresh catalysts. Investors appear to be reallocating capital from high-growth but volatile technology stocks to more defensive value plays.
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