The Kuala Lumpur Composite Index (KLCI) closed up 5.5 points to 1485.2 on Friday, primarily driven by gains in banking stocks. Investor sentiment remained cautiously optimistic as market participants await key economic data releases next week.
The Malaysian stock market displayed a steady performance today, with the FBM KLCI advancing 0.35% to close at 1485.2 points. The banking sector was the primary driver, with Maybank rising 0.8% and CIMB Group gaining 1.1%. Trading volume remained moderate, indicating a cautious approach from market participants ahead of the upcoming Chinese New Year holidays. Analysts noted that despite global economic uncertainties, the local market is benefiting from stable corporate earnings expectations and signs of moderating inflation. Key economic data, including the Industrial Production Index and Consumer Price Index, are expected next week and will provide further direction to the market.
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