The Kuala Lumpur Composite Index (KLCI) rose 0.45% on Friday, closing at 1498.75 points, driven by positive sentiment in banking and technology sectors. Investors remain optimistic ahead of the upcoming earnings season, anticipating robust corporate results.
The Kuala Lumpur Composite Index (KLCI) displayed a robust performance in Friday's trading session, climbing 6.74 points to close at 1498.75. This upward movement was primarily fueled by gains in major banking and technology counters. Maybank saw its shares rise by 0.8%, while CIMB Group Bhd advanced 1.2%. The technology sector also performed admirably, buoyed by expectations of a global chip demand recovery. Trading volume remained healthy, indicating broad market participation. Analysts noted that despite global economic challenges, local market sentiment remains optimistic, partly due to improving corporate earnings outlooks and government initiatives supporting economic growth.
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