The KLCI edged down 0.15% to close at 1528.30 on Friday, as investors engaged in mild profit-taking ahead of the Lunar New Year long weekend. Trading was subdued, reflecting cautious market sentiment.
The Kuala Lumpur Composite Index (KLCI) closed marginally lower on Friday, shedding 2.29 points or 0.15% to finish at 1528.30. Trading volume was relatively subdued, with 3.12 billion shares valued at RM1.85 billion changing hands. Investors adopted a cautious stance ahead of the upcoming Lunar New Year holidays, leading to some mild profit-taking activities. Despite the slight dip, market breadth remained relatively balanced, with 398 gainers against 455 losers, while 420 counters remained unchanged. Analysts anticipate quiet trading next week due to the holidays, with potential bargain hunting emerging post-holiday.
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