The FBM KLCI closed marginally higher by 0.15% at 1495.20 points on Friday, but recorded an overall weekly decline of 0.8% amidst global economic concerns and regional market weakness. Investor sentiment remained cautious, with trading volume at moderate levels.
The FBM KLCI managed to pare some losses on Friday, closing up 2.25 points or 0.15% to 1495.20 points. However, the benchmark index registered an overall weekly decline of 12.05 points or 0.8%, influenced by global economic slowdown expectations and weaker regional equity performances. Trading volume stood at 3.25 billion shares valued at RM2.13 billion. Analysts noted that despite some bargain hunting, market sentiment remained cautious due to a lack of strong catalysts. The market is expected to continue consolidating next week, with investors closely monitoring upcoming macroeconomic data and corporate earnings reports.
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