This paper examines the structural changes of the companies listed in the technology sector in Bursa Malaysia during the COVID-19 pandemic. The closing price of each stock is used as the basis for calculating the cross-correlation between the companies' returns. Minimum spanning trees are employed to analyse the relationships and visualize the correlation changes for each period. Additionally, degree centrality is utilized to analyse the network's structure further. This study covers the period from 2020 to 2021 and involves 39 companies within the technology sector. The findings reveal significant fluctuations in the companies' correlations each year. Moreover, the most influential companies vary according to the period, demonstrating position changes. The fact that Inari Amertron (INAR), Revenue Group (REVE), and My EG Services (MYEG) consistently become leading players in different years shows how strong and influential they are in the technology sector. This suggests that these companies have the ability to shape market trends and possibly even control the direction of the industry. The results provide valuable insights for investors and policymakers, aiding in visualizing company relationships and facilitating strategic portfolio optimization.
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