Tech Sector Pulls Back, Banking and Energy Shine

February 5, 2026
Sector Analysis
Bursa Malaysia

On Bursa Malaysia today, the technology sector experienced a slight pullback, while the banking and energy sectors distinguished themselves with strong performances, leading market gains. This shift indicates investors are rotating towards value stocks amidst evolving economic outlooks. Property stocks remained largely flat.

On February 5, 2026, sector performance on Bursa Malaysia showed divergence. The Technology Index declined by 0.6%, partly due to profit-taking pressures faced by global tech stocks. In contrast, the Financial Services Index rose 0.4%, benefiting from robust banking sector performance. The Energy Index also gained 0.7%, supported by a slight uptick in international oil prices and optimistic outlooks for crude demand. Analysts noted that in the current market environment, investors are preferring traditional sectors with stable earnings and dividend capabilities, such as banking and energy, while maintaining a cautious stance on high-valuation technology stocks. The property sector remained largely flat, awaiting further economic stimulus measures.
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