The FBM KLCI closed marginally higher today, up 0.15% to 1512.80 points, buoyed by positive regional market sentiment. However, investor caution persisted amidst lingering concerns over global economic slowdown, leading to slightly below-average trading volumes. Technology and banking sectors showed mixed performance.
The FBM KLCI closed marginally higher by 2.27 points to 1512.80, a 0.15% gain, in Friday's trading session. This performance was in line with generally positive regional market movements, with Hong Kong's Hang Seng Index and Singapore's Straits Times Index both recording gains. Despite this, local market sentiment remained cautious, with trading volume at 3.25 billion shares, slightly below recent averages. Investors are weighing global inflationary pressures, the US Federal Reserve's potential interest rate trajectory, and the pace of China's economic recovery. Analysts anticipate continued volatility next week as more economic data emerges.
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