The FBM KLCI closed marginally lower by 0.15% at 1,498.20 points on Tuesday, dragged by cautious regional market sentiment. Investors remained on the sidelines ahead of US inflation data and Federal Reserve policy outlook.
KUALA LUMPUR, Feb 24 – The FBM KLCI closed marginally lower today, shedding 2.25 points or 0.15% to settle at 1,498.20 points, failing to hold the 1,500-point psychological level. Market activity was subdued with 3.25 billion shares traded, valued at RM2.18 billion. Analysts noted that despite robust local economic data, investors remained cautious about the global economic outlook, particularly ahead of upcoming US inflation data and the Federal Reserve's potential monetary policy path. Regional equities generally traded lower, adding pressure to the local bourse. Technology and plantation stocks showed weakness, while utilities remained relatively stable. The market is expected to remain volatile in the short term, with investors advised to monitor upcoming corporate earnings for opportunities.
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