Malaysia stocks regain mojo in 2024, driven by property, tech and Sarawak-focused sectors
The FBM KLCI has shown resilience this year, driven by economic recovery signals and optimism around China’s growth, US stability (barring adverse election outcomes), and a tech sector rebound
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[KUALA LUMPUR] Bursa Malaysia’s property, tech, and Sarawak-focused stocks are surging past the broader market this year. They are powered by government initiatives, booming data centre projects, and a surge in foreign investments.
Analysts also credit the rally to heightened trading activity, fuelled by key growth regions such as the Johor-Singapore Special Economic Zone (JS-SEZ) and Sarawak, which are boosting investor sentiment and driving sustained sector performance.
The technology sector initially led market gains but has recently lost momentum. Despite a mid-year surge, tech stocks have seen a net decline, with the Bursa Malaysia Technology Index peaking at 80.63 points in June before dropping to 58.62 points on Oct 30, a 7 per cent dip from January levels.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
