Today, Malaysia's tech sector fell 1.5%, influenced by regional trends. The banking sector, however, defied the trend with a 0.7% gain, showing resilience. Energy stocks rose 1.0%, boosted by increasing international oil prices, reflecting diverse sectoral performances.
On February 5, 2026, various sectors in the Malaysian stock market exhibited divergent performances. The technology sector was among the weakest performers today, declining by 1.5%, primarily influenced by an overnight fall in the Nasdaq index and softer regional tech stocks. In contrast, the banking sector demonstrated resilience, collectively gaining 0.7%, benefiting from robust loan growth expectations and stable net interest margins. The energy sector also performed well, rising 1.0%, as international crude oil prices climbed above US$80 per barrel, boosting investor confidence in oil and gas companies. However, the property and construction sectors saw slight declines due to concerns over the economic outlook. Analysts noted a rotation of funds into more defensive sectors.
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