The FBM KLCI closed up 0.15% at 1542.88 points on Friday, but recorded a weekly loss of 0.8%. Investors remained cautious about global economic prospects and are awaiting key economic indicators next week for further direction.
The FBM KLCI showed resilience in Friday's trading, inching up 2.31 points to close at 1542.88, with a trading volume of 3.8 billion shares. Despite this daily gain, the market sentiment remained subdued throughout the week, leading to a cumulative weekly decline of 0.8% for the index. Analysts noted that the market was influenced by regional market volatility and global inflation concerns. Investors are now closely monitoring Malaysia's February inflation data and manufacturing PMI, scheduled for release next week, which are expected to provide fresh direction. The market is anticipated to remain cautious and potentially trade within a range next week.
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