The Kuala Lumpur Composite Index (KLCI) edged up 0.25% today, closing at 1538.7 points, primarily driven by strong performances in banking stocks. Investor optimism ahead of upcoming corporate earnings reports contributed to the positive market sentiment, with trading volume remaining moderate.
The FBM KLCI closed 3.8 points higher at 1538.7 points at 5 PM. The banking sector was a key driver, with Maybank (1155) climbing 1.5% to RM9.20, CIMB (1023) gaining 1.2% to RM6.45, and Public Bank (1295) rising 0.8% to RM4.30. Market analysts noted that the strong performance of banking stocks reflects market expectations of economic recovery and improved net interest margins. Trading volume was 3.2 billion shares valued at RM2.1 billion.
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