The FBM KLCI opened 0.35% higher today at 1,518.20 points, primarily boosted by strong performance in banking stocks. Investors remain optimistic about regional economic recovery prospects.
On February 2, 2026, the FBM KLCI opened strong, gaining 5.32 points to 1,518.20, an increase of 0.35%. This positive momentum was primarily driven by robust performance in the banking sector, with Maybank and CIMB leading the charge. Analysts noted that market sentiment was supported by expectations of regional economic recovery and a resurgence in global risk appetite. Trading volume was moderate as investors awaited more corporate earnings reports later in the week. Technology and plantation stocks also saw modest gains, while energy counters remained flat amidst fluctuating oil prices. Overall, the market maintains a cautiously optimistic outlook for the start of 2026.
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