The FBM KLCI gained 0.25% to close at 1,558.20 points on Friday, but recorded a marginal weekly decline of 0.15%. Investor sentiment remained cautious, awaiting further economic data and global cues. Trading volume was moderate, indicating a wait-and-see approach among market participants.
The FBM KLCI closed 3.90 points higher at 1,558.20 points on Friday, primarily boosted by gains in banking and utility counters. However, the benchmark index still registered a marginal weekly decline of 2.35 points or 0.15%, as investors remained cautious earlier in the week due to global growth slowdown concerns. Market volume stood at 3.85 billion shares worth RM2.73 billion. Analysts noted that despite robust domestic fundamentals, mixed regional market performance and the outlook for US interest rates continue to be key factors influencing KLCI's trajectory. Next week, market focus will shift to upcoming domestic inflation data and corporate earnings reports, which could provide fresh catalysts.
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