The KLCI closed slightly lower on Tuesday, settling at 1485.30 points, lacking fresh catalysts and mirroring mixed regional performance. Trading volume remained steady, but cautious sentiment prevailed ahead of key US economic data.
The Kuala Lumpur Composite Index (KLCI) closed marginally lower on Tuesday, shedding 2.23 points or 0.15%, settling at 1485.30 points. Market activity was subdued, with a total trading volume of approximately 3.5 billion shares valued at RM1.8 billion. The index was primarily dragged down by utility stocks and some financial counters. Investors maintained caution, focusing heavily on the US inflation data due later this week, which could influence the Federal Reserve's interest rate trajectory. Analysts suggest the KLCI might consolidate between 1480 and 1495 points in the short term, awaiting clearer market direction. Overall market breadth was negative, with decliners slightly outpacing gainers.
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