Malaysia's banking sector led gains today, rising 1.1% on strong earnings expectations, while the technology sector fell 0.8% due to global chip demand concerns. The energy sector remained stable, largely tracking crude oil prices. Property stocks also saw some interest, suggesting a mixed market sentiment across various sectors.
On February 5, 2026, various sectors in the Malaysian stock market exhibited mixed performances. The banking sector emerged as the day's biggest winner, collectively rising 1.1%, primarily driven by optimistic expectations for robust upcoming earnings reports. Major banking stocks such as Malayan Banking Bhd (Maybank) and Public Bank Bhd both registered gains. However, the technology sector faced pressure, declining 0.8%, largely influenced by uncertainties surrounding global semiconductor demand prospects and a pullback in US tech stocks. The energy sector performed relatively stably, inching up 0.1%, closely tracking fluctuations in international crude oil prices, with Brent crude holding steady around US$81 per barrel. The property sector also attracted some buying interest, indicating that the market is seeking value in specific areas. This divergence suggests varying investor risk appetites and growth outlooks across different industries.
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