Malaysia's FBM KLCI closed 0.45% higher on Friday at 1,552.30 points, breaching the crucial 1,550 resistance level. The rally was primarily driven by gains in banking and energy stocks, contributing to a weekly increase of 1.2% for the benchmark index. Investor sentiment remains cautiously optimistic ahead of upcoming economic data.
KUALA LUMPUR, March 14, 2026 – Malaysia's benchmark FBM KLCI demonstrated robust performance in Friday's trading session, closing up 6.98 points or 0.45% at 1,552.30. This strong showing allowed the index to successfully breach the crucial 1,550 psychological and technical resistance level. Market sentiment was buoyed by positive movements in banking stocks such as Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, alongside support from energy counters benefiting from rising crude oil prices. Over the entire week, the FBM KLCI posted a cumulative gain of 1.2%, signaling growing investor confidence in Malaysia's economic recovery. Analysts noted that despite global economic uncertainties, domestic fundamentals remain solid, with market attention next week expected to focus on corporate earnings and upcoming economic data releases.
Share: