The Malaysian stock market closed slightly lower today, with the FBM KLCI settling at 1,505.20 points. Technology stocks showed resilience, but banking counters faced pressure. Investors adopted a cautious stance ahead of upcoming economic data releases.
On January 29, 2026, the FBM KLCI closed marginally lower, shedding 2.25 points, or 0.15%, to settle at 1,505.20 points. The daily trading volume was approximately 3.5 billion shares valued at RM2.1 billion. Market sentiment remained cautious, primarily influenced by a weak overnight performance on Wall Street and anticipation of domestic trade balance data. The Technology Index outperformed, rising 1.2%, boosted by optimism surrounding the global semiconductor cycle recovery. However, heavyweight banking stocks like Maybank and CIMB dragged the index, falling 0.5% and 0.3% respectively. Analysts anticipate continued range-bound trading ahead of the start of the earnings season next week.
Share: