On February 5, Malaysia's banking sector emerged as the top performer, gaining 1.1% driven by Maybank and CIMB. Conversely, the technology sector experienced a pullback, declining 0.8%, influenced by a broader correction in US tech stocks and profit-taking activities. Property and healthcare sectors showed mixed movements.
Sectoral performance on the Malaysian stock market on February 5, 2026, showed a clear divergence. The banking sector emerged as the strongest performer of the day, collectively gaining 1.1%, primarily fueled by robust buying in major banking stocks like Maybank and CIMB. Investors remain optimistic about the earnings prospects of banks, expecting continued solid growth amidst stable interest rates and economic recovery. Conversely, the technology sector faced headwinds, declining by 0.8%, partly due to a broader correction in US tech stocks and profit-taking activities by local investors. Despite long-term growth prospects remaining positive, tech stocks are experiencing some short-term pressure. The property sector saw a flat performance, while healthcare edged lower due to weakness in specific glove stocks. The energy sector remained relatively stable, supported by a slight uptick in international oil prices.
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