Today's Malaysian market saw banking and technology sectors shine, buoyed by robust earnings expectations and a global tech rally. Conversely, the property sector faced significant headwinds, primarily due to persistent concerns over high interest rates and an existing oversupply of residential and commercial units, dampening investor sentiment and stock performance.
On February 5, 2026, sector performance in the Malaysian stock market showed a clear divergence. The banking sector was the star performer today, with the Financial Index rising 1.1%, primarily driven by strong performances from Maybank and Public Bank, as investors anticipate excellent fourth-quarter earnings. The technology sector followed closely, with the Technology Index gaining 0.9%, benefiting from a global tech stock rally and optimism surrounding the semiconductor industry's outlook, exemplified by Inari Amertron's 1.0% rise. However, the property sector underperformed today, with the FBM KLCI Property Index falling 0.4%, due to persistent concerns that the high interest rate environment will continue to suppress home buying demand and an existing oversupply of properties. Analysts note that capital is flowing towards sectors with higher earnings certainty in the current economic climate.
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