The FBM KLCI closed marginally higher by 0.15% at 1,548.20 points today, primarily buoyed by banking counters. Market sentiment remained cautious as investors assessed the global economic outlook, with trading volume indicating a wait-and-see approach ahead of key regional data releases next week.
The FBM KLCI showed resilience in Friday's trading session, edging up 2.32 points to close at 1,548.20. This marginal gain was primarily attributed to support from banking stocks, with Maybank and CIMB leading the charge. Despite lingering uncertainties surrounding the global economic outlook, the local benchmark managed to hold steady above key support levels. Total trading volume for the day stood at 3.85 billion shares valued at RM2.41 billion, indicating a cautious approach by investors ahead of the weekend. Analysts noted that the KLCI's immediate resistance is at 1,560 points, with support at 1,530 points. Market volatility could increase next week in anticipation of upcoming regional economic data releases.
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