KLCI Edges Up on Monday, Supported by Banking Sector Rebound

March 2, 2026

Market Updates

The Edge Markets

The FBM KLCI closed marginally higher by 0.15% at 1,555.20 points on Monday, with a rebound in banking stocks offsetting losses in the energy sector. Investors maintained cautious optimism ahead of upcoming corporate earnings announcements.

The FBM KLCI closed marginally higher on Monday, March 2, 2026, gaining 2.33 points or 0.15% to settle at 1,555.20 points. Market volume stood at 3.8 billion shares valued at RM2.5 billion. Banking heavyweights provided support, with Maybank rising 0.5% and CIMB gaining 0.8%. However, the energy sector saw some pressure, with Petronas Chemicals (PChem) falling 0.7% amid softer oil prices. Analysts noted that despite global economic uncertainties, local market sentiment was buoyed by expectations surrounding the ongoing corporate earnings season. Investors are closely monitoring more corporate results slated for release this week, seeking fresh catalysts for market direction.

View Source: The Edge Markets

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