Today, the Malaysian banking sector performed strongly, with major banking stocks posting gains. In contrast, the technology and healthcare sectors faced selling pressure due to concerns over global economic slowdown and uncertain earnings outlooks. This divergence highlights a shift in investor preference towards more defensive and value-oriented sectors amidst current market conditions. Property sector showed mixed results.
On February 5, 2026, various sectors in the Malaysian stock market showed divergent performances. The banking sector led the gains, primarily driven by market expectations of a stable interest rate environment and robust loan growth. Maybank and CIMB rose by 0.8% and 1.1% respectively. However, the technology sector fell by 1.2%, impacted by a global tech stock correction, with Inari Amertron declining 1.5%. The healthcare sector also dropped 0.9% due to weakening pandemic-related demand, exemplified by Top Glove's 1.0% fall. The property sector showed a flat performance, with an overall slight dip of 0.1%. Analysts believe investors are reallocating assets towards sectors with reasonable valuations and stable cash flows.
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