Malaysia's stock market closed higher on Friday, with the FBM KLCI gaining 0.45% to 1,525.30 points, primarily driven by strong performances in banking stocks. Investor sentiment was optimistic, and trading volume remained active throughout the session.
Malaysia's stock market demonstrated a robust performance in Friday's trading session, with the FBM KLCI closing 6.85 points higher at 1,525.30, marking a 0.45% gain. This upward movement was predominantly fueled by the banking sector's positive showing, with Maybank and CIMB leading the charge among blue-chip counters. The total trading volume for the day reached 4.2 billion shares, indicating active market participation. Analysts noted that despite global economic uncertainties, local investors maintain cautious optimism regarding Malaysia's economic recovery, particularly following recent government stimulus initiatives. Technology and energy stocks also registered modest gains, while plantation counters saw mixed performance due to fluctuating palm oil prices.
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