KLCI Edges Higher on Friday, Banking Stocks Lead Gains

March 8, 2026

Market Updates

Bursa Malaysia

The FBM KLCI closed marginally higher by 0.15% at 1548.20 points on Friday, primarily supported by banking counters. Investors remained cautious ahead of the weekend, leading to a slight contraction in market volume. The broader market sentiment was mixed, reflecting ongoing global economic uncertainties.

The FBM KLCI showed resilience in Friday's trading session, ultimately closing 2.32 points higher at 1548.20 points. Despite a mixed global market sentiment, strong performance from local banking stocks provided significant support to the index. Maybank rose by 0.5% to RM9.85, while CIMB gained 0.7% to RM6.70. Total trading volume for the day was approximately 3.8 billion shares, valued at RM2.5 billion, indicating moderate activity ahead of the weekend. Analysts anticipate the market will continue to be influenced by corporate earnings reports and upcoming economic data releases next week, with potential for further consolidation.

View Source: Bursa Malaysia

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