The Kuala Lumpur Composite Index (KLCI) closed marginally higher today, gaining 0.25% to 1,528.50 points. Strong performances in the banking and technology sectors offset declines in energy stocks, indicating a cautious but positive market sentiment amid regional uncertainties.
The Kuala Lumpur Composite Index (KLCI) demonstrated resilience today, closing up 3.82 points at 1,528.50. Market sentiment was a complex mix of regional uncertainties and global inflation concerns. Banking stocks like Maybank and CIMB Group gained 0.5% and 0.7% respectively, while technology bellwether Inari Amertron also saw a 1.2% rise. However, the energy sector faced pressure due to softening crude oil prices, with Petronas Chemicals declining 0.3%. Analysts noted that despite headwinds, sustained buying from domestic institutional investors provided a floor for the market. Volatility is expected to persist in the near term as investors await upcoming corporate earnings and macroeconomic data.
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