The FBM KLCI closed 0.25% higher at 1,488.30 points on Friday, primarily driven by banking stocks. However, the index posted a weekly loss of 0.4% as investors remained cautious about the global economic outlook, reflecting mixed sentiment.
The FBM KLCI concluded Friday's trading session with a gain of 3.72 points, closing at 1,488.30, a 0.25% increase. This uptick was primarily driven by robust performance in the banking sector, with Maybank and CIMB leading the charge among blue-chips. Despite Friday's positive close, the KLCI recorded an overall weekly decline of 0.4%, retreating from last Friday's 1,494.30 points. Market activity was subdued, with approximately 3.2 billion shares traded for a value of RM2.1 billion. Analysts noted that investors remained cautious, awaiting upcoming economic data and corporate earnings reports. The market is expected to remain volatile next week, with global economic prospects and oil price movements being key influencing factors.
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