The Kuala Lumpur Composite Index (KLCI) rose 0.45% on Friday, closing at 1498.20 points, driven by strong performances in technology and banking sectors. Positive market sentiment and active trading volume reflected investor optimism regarding economic recovery.
The Kuala Lumpur Composite Index (KLCI) demonstrated a strong performance in Friday's trading, gaining 6.74 points to close at 1498.20. Technology stocks led the charge, buoyed by an overnight rally in Nasdaq, with local tech giants like Inari Amertron (INARI) climbing 2.5%. Banking counters such as Maybank and CIMB also contributed positively, rising 1.2% and 0.9% respectively. Overall market sentiment was optimistic, as investors awaited upcoming corporate earnings and economic data. Total trading volume for the day reached 4.5 billion shares, indicating high market activity. Analysts anticipate the KLCI could breach the 1500-point mark in the short term, supported by improving corporate earnings and a brighter global economic outlook.
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