Malaysian equities closed lower this week, with the FBM KLCI dropping 0.45% to 1548.20 points. Technology stocks underperformed, influenced by US inflation concerns and regional market volatility.
Malaysian equities saw a subdued performance this week, with the FBM KLCI closing 6.97 points lower at 1548.20 on Friday, marking a cumulative weekly decline of 0.45%. Trading volume remained active, but investor sentiment was cautious. The technology sector was a significant drag, influenced by US inflation data and interest rate hike expectations, with stocks like Inari Amertron falling 1.8%. Banking counters such as Maybank and CIMB showed relative stability but could not offset the overall market's downward pressure. Analysts anticipate the market will continue to monitor global macroeconomic data and corporate earnings reports next week.
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