The KLCI closed 0.45% higher on Friday, buoyed by strong performance in technology stocks. Investor sentiment was positive, leading to active trading across the board.
The Kuala Lumpur Composite Index (KLCI) closed up 6.92 points, or 0.45%, at 1,542.88 on Friday. Technology stocks led the gains, boosted by expectations of a global semiconductor industry recovery and regional tech sector rallies. Investors remained optimistic about the economic outlook despite persistent global inflationary pressures. Total volume traded reached 4.85 billion shares worth RM3.21 billion. Key gainers included Inari Amertron (+2.5%) and Malaysian Pacific Industries (+3.1%). Market analysts anticipate the index to continue its upward trend in the short term, supported by corporate earnings and economic data.
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