The KLCI closed down 0.15% at 1505.20 points today, primarily influenced by cautious regional market sentiment. Investors adopted a wait-and-see approach ahead of the Chinese New Year holidays.
The Kuala Lumpur Composite Index (KLCI) closed at 1505.20 points today, down 2.26 points or 0.15% from yesterday. Market activity was subdued, with a trading volume of 3.58 billion shares valued at RM2.15 billion. Analysts noted that generally weak performance across Asian markets and cautious investor sentiment ahead of the upcoming Chinese New Year holidays contributed to the lack of clear direction. Despite this, some small and mid-cap stocks remained active. Market sentiment is expected to improve and potentially rebound after the holidays. Declining stocks outnumbered advancing ones today, indicating a weaker market sentiment.
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