The energy sector performed strongly today, supported by rising oil prices, with Brent crude surpassing US$80 a barrel. Technology stocks, however, generally declined due to profit-taking, reflecting cautious market sentiment.
KUALA LUMPUR, February 5, 2026 – Sector performance on Bursa Malaysia was mixed today. The energy sector was one of the few bright spots, with the FBM KLCI Energy Index rising 0.6%, largely benefiting from higher international oil prices, as Brent crude surpassed US$80 a barrel, boosting investor confidence in oil and gas companies. Dialog Group gained 1.2% to RM2.55, and Yinson Holdings also saw a slight increase of 0.8% to RM2.50. Meanwhile, the technology sector faced pullback pressure, with the FBM KLCI Technology Index falling 1.1%, influenced by weaker US tech stocks and local profit-taking. Frontken declined 1.5% to RM3.25, and Inari Amertron also dropped 1.0% to RM2.95. Analysts expect the energy sector to continue benefiting from oil price support in the short term, while tech stocks await clearer catalysts.
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