The Kuala Lumpur Composite Index (KLCI) advanced 0.45% on Friday, closing at 1,528.30 points, primarily driven by robust performances in the banking and technology sectors. Investor optimism regarding regional economic recovery contributed to the positive sentiment, pushing key blue-chip counters higher throughout the trading session.
The FTSE Bursa Malaysia KLCI closed 6.88 points higher today, reaching 1,528.30 points, with a total volume of 4.2 billion shares traded. Banking stocks were notable performers, with Maybank and CIMB Group both registering gains. The technology sector also showed strong momentum, buoyed by expectations of sustained global chip demand. Market analysts noted that despite lingering global economic uncertainties, signs of domestic economic recovery in Malaysia and improving corporate earnings expectations provided support for the equity market. Investors are cautiously optimistic ahead of next week's corporate earnings announcements.
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