The FBM KLCI closed 0.55% higher today at 1,545.20 points, driven by strong performance in banking and technology sectors. Investor sentiment was upbeat, fueled by optimism over economic recovery and corporate earnings prospects. Trading volume remained healthy as market participants sought opportunities in growth-oriented counters.
The FBM KLCI closed up 8.45 points, or 0.55%, at 1,545.20 today, after touching an intraday high of 1,548.10. Banking heavyweights such as Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd saw robust gains, rising 1.2% and 1.5% respectively. The technology sector also rallied, buoyed by positive regional tech sentiment. Market volume stood at 4.25 billion shares valued at RM2.87 billion. Analysts noted that despite global uncertainties, the local market showed resilience, supported by improving corporate earnings expectations and ongoing government support measures. Investors are now keenly awaiting upcoming economic data and corporate earnings reports for further direction.
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