The technology sector led gains today, driven by expectations of a global semiconductor recovery, with its index rising 1.5%. Construction and plantation sectors lagged due to a lack of fresh catalysts.
Sector performance on Bursa Malaysia was mixed today. The technology sector stood out, with its index climbing 1.5%, buoyed by expectations of a global semiconductor industry recovery and increasing demand related to Artificial Intelligence (AI). For instance, Inari Amertron rose 2.5% to RM3.28. In contrast, the construction and plantation sectors underperformed. Construction stocks saw flat movement due to a lack of new major project announcements, while plantation stocks were affected by fluctuating palm oil prices, with their respective indices falling 0.7% and 0.5%. Analysts advise investors to focus on the long-term growth potential of the technology sector and remain cautious on traditional industries.
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