The Kuala Lumpur Composite Index (KLCI) rose 6.9 points to close at 1495.2 today, driven by positive regional market sentiment and local institutional buying. Trading volume reached 4.2 billion shares, indicating active market participation.
The Kuala Lumpur Composite Index (KLCI) showed robust performance in Thursday's trading session, climbing 6.9 points to close at 1495.2. This gain was primarily fueled by a generally optimistic sentiment across other Asian markets and sustained buying interest from local institutional investors. Market breadth was positive, with advancing stocks outnumbering decliners. The total trading volume for the day reached 4.2 billion shares, valued at RM2.8 billion, indicating strong investor engagement. Analysts noted that despite lingering global economic uncertainties, signs of domestic economic recovery in Malaysia and anticipated improvements in corporate earnings provided crucial support for the stock market. Investor interest was particularly strong in the technology and financial sectors, with expectations that the KLCI will continue to trade within the 1490 to 1510 range in the short term.
Share: