The Kuala Lumpur Composite Index (KLCI) edged down 0.15% to close at 1548.20 points on Friday, influenced by cautious investor sentiment regarding the global economic outlook. Trading volume remained active, but buying momentum was subdued as investors took profits ahead of the weekend.
The Kuala Lumpur Composite Index (KLCI) ended Friday's trading session marginally lower, shedding 2.32 points or 0.15% to close at 1548.20 points. Market sentiment was dampened by a broader weakness across regional bourses, as investors remained wary of global economic slowdown concerns. Despite a healthy trading volume of 3.8 billion shares worth RM2.5 billion, robust buying interest was absent. Analysts noted that fluctuating crude oil prices and uncertainties surrounding US inflation data contributed to a cautious stance among local investors. The index is expected to consolidate within the 1540-1560 range next week, awaiting fresh catalysts.
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