The FBM KLCI closed marginally lower by 0.15% at 1548.20 points on Friday, dragged by banking and energy counters. Cautious investor sentiment prevailed due to global economic uncertainties and regional market volatility.
The Kuala Lumpur Composite Index (KLCI) saw a flat performance on Friday, closing at 1548.20 points, a slight dip of 2.32 points or 0.15% from the previous day. Market activity was subdued, with 3.8 billion shares traded for a value of RM2.5 billion. Banking stocks like Maybank and CIMB saw marginal declines, weighing on the index. The energy sector also faced pressure due to fluctuating international oil prices. Analysts noted that investors are closely monitoring upcoming corporate earnings reports and inflation data from major global economies next week, expecting the market to remain cautious in the short term.
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