The FBM KLCI closed up 2.5 points at 1,498.7 on Friday, primarily driven by banking stocks. Investors maintained cautious optimism regarding the economic recovery, with broader market sentiment remaining mixed ahead of the weekend.
Kuala Lumpur's benchmark FBM KLCI closed marginally higher today, gaining 2.5 points or 0.17% to settle at 1,498.7 points. The banking sector was a key driver, with Maybank rising 0.5% and Public Bank adding 0.3%. Trading volume remained moderate, reflecting a cautious market sentiment as investors await economic data releases next week. Despite global economic uncertainties, the local market demonstrated resilience, supported by corporate earnings expectations and ongoing government stimulus measures. Analysts anticipate the index to trade within the 1,490 to 1,510 range in the short term, with potential for further upside if external headwinds subside.
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