The Kuala Lumpur Composite Index (KLCI) advanced 0.45% today, closing at 1,522.30 points, driven by optimistic regional market sentiment and renewed investor interest in blue-chip stocks. Trading volume saw a noticeable increase, indicating broader market participation. Analysts attribute the gains to improving economic outlooks.
The Kuala Lumpur Composite Index (KLCI) showed robust performance in Thursday's trading session, gaining 6.85 points or 0.45% to close at 1,522.30 points. This upward movement was primarily fueled by positive sentiment across regional markets, notably strong performances observed in Singapore and Hong Kong. Renewed investor interest in blue-chip counters contributed significantly to the index's ascent. Total trading volume for the day reached 4.05 billion shares valued at RM2.87 billion, indicating increased market activity. Analysts noted a general sense of optimism ahead of the upcoming Lunar New Year holidays, anticipating the upward trend to persist in the short term, with resistance seen at 1,530 points.
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