Banking Sector Leads Gains, Tech Stocks Face Profit-Taking

February 5, 2026
Sector Analysis
Star Biz

On February 5, 2026, Malaysia's banking sector surged 1.1%, driven by optimistic earnings forecasts and robust loan growth. In contrast, the technology sector experienced profit-taking, declining 0.7% after recent strong gains. Property and energy sectors showed mixed movements, reflecting diverse investor sentiment across the market.

Sector performance in the Malaysian stock market today, February 5, 2026, showed a polarized trend. The banking sector emerged as a significant highlight, collectively rising by 1.1%, mainly driven by market expectations of robust earnings reports and sustained loan growth. Major banking stocks like Maybank and CIMB performed strongly. Conversely, the recently buoyant technology sector faced profit-taking, declining by 0.7% as investors opted to lock in gains after several weeks of upward movement. The property and energy sectors displayed mixed movements, with energy stocks, sensitive to crude oil prices, experiencing higher volatility. The healthcare sector remained relatively stable but lacked significant catalysts.
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