The KLCI closed marginally lower on Tuesday, shedding 5.27 points (0.35%) to 1505.45, as investors engaged in profit-taking following a weak overnight US market performance. The banking sector led the decline, with trading volume remaining moderate.
The Kuala Lumpur Composite Index (KLCI) closed at 1505.45 on Tuesday, down 0.35%, primarily dragged down by heavyweight banking counters. Although stable oil prices provided some lift to energy stocks like Petronas Chemicals (PCHEM), overall market sentiment remained cautious. Key contributors to the decline included Maybank, which fell 0.8%, and Public Bank, down 0.7%. Market breadth was negative, with decliners outpacing gainers. Analysts noted that investors are adopting a wait-and-see approach ahead of upcoming US inflation data, expecting the KLCI to consolidate between 1500 and 1515 points in the near term.
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