The energy sector was today's top performer, gaining 2.1%, buoyed by Brent crude prices breaking above US$80 per barrel. Conversely, the technology sector saw a decline of 0.7%, facing headwinds from global interest rate concerns and a cautious outlook on semiconductor demand. Investors are rotating towards value-oriented sectors.
On February 5, 2026, sector performance on Bursa Malaysia was polarized. The energy sector emerged as the day's biggest winner, collectively gaining 2.1%, bolstered by Brent crude oil prices breaking above US$80 per barrel. Petronas Chemicals saw a 2.5% increase, while Genting Energy also recorded significant gains. Conversely, the technology sector faced headwinds, declining 0.7%, primarily due to persistent global concerns over higher interest rates and an uncertain outlook for semiconductor demand. Investors appear to be rotating out of high-growth technology stocks and into more value-oriented energy and financial counters. Analysts anticipate this sector rotation could persist for the foreseeable future.
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