The Kuala Lumpur Composite Index (KLCI) rose 0.45% today to close at 1,528.30 points, buoyed by strong performances in the banking and technology sectors. Investor sentiment was positive, driven by optimism over regional economic recovery prospects. Key movers included Maybank and Inari Amertron.
The Kuala Lumpur Composite Index (KLCI) demonstrated a robust performance today, gaining 6.87 points to close at 1,528.30. Market volume reached 4.25 billion shares, valued at RM3.12 billion. Banking heavyweights such as Malayan Banking Bhd (Maybank) rose 1.2% to RM9.55, and CIMB Group Holdings Bhd climbed 0.9% to RM6.88, contributing significantly to the index's uplift. The technology sector also performed admirably, with Inari Amertron Bhd advancing 2.5% to RM3.70, boosting overall market sentiment. Analysts attribute the market's upward trajectory to growing optimism among investors regarding global economic growth prospects and anticipated positive corporate earnings in Malaysia. Positive movements in regional equity markets also provided a supportive backdrop for local trading.
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