The FBM KLCI gained 5.5 points to close at 1,528.30 on Friday, driven by robust performance in the financial sector. Investors remained optimistic about Malaysia's economic outlook, with active trading volumes observed across the board.
The Kuala Lumpur Composite Index (KLCI) registered a modest gain on Friday, rising 5.5 points or 0.35% to close at 1,528.30. This upward momentum was primarily attributed to a strong showing in the financial sector, particularly major banking stocks like Maybank and CIMB. Market sentiment remained positive throughout the day, with a total trading volume reaching 3.85 billion shares valued at RM2.73 billion. Analysts noted that despite global economic uncertainties, domestic institutional investors' confidence in the Malaysian market remains solid. The technology and energy sectors also saw minor gains, while the plantation sector experienced a slight pullback. Market participants are now keenly awaiting upcoming macroeconomic data for further market direction.
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