The technology sector experienced a slight pullback today, while the energy and plantation sectors shone brightly, driven by rising commodity prices and positive outlooks. This sectoral rotation highlights investors' shift towards value and defensive plays amid evolving market dynamics, with crude oil and palm oil prices providing strong tailwinds for related companies.
On February 5, 2026, Bursa Malaysia witnessed a clear sectoral rotation. The technology sector experienced a slight pullback after its recent strong rally, with the Technology Index dropping 0.8% as investors took profits. In contrast, the energy and plantation sectors stood out, becoming market darlings. The Energy Index climbed 1.2%, primarily boosted by the sustained rise in international crude oil prices. The Plantation Index advanced 1.5%, benefiting from stable palm oil price increases and robust demand. Analysts believe that with global economic recovery and inflation expectations, commodity-related sectors are likely to maintain their strong performance in the short term, while the tech sector's adjustment might offer entry opportunities for long-term investors.
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