Malaysia's FBM KLCI ended Friday 0.35% higher at 1,532.89 points, primarily driven by gains in banking stocks. Market sentiment remained cautiously optimistic as investors anticipate upcoming economic data and corporate earnings reports next week. The broader market saw mixed activity.
Malaysia's benchmark FBM KLCI closed Friday's trading session on a positive note, gaining 5.38 points or 0.35% to settle at 1,532.89 points. The upward movement was primarily fueled by robust performance in the banking sector, as local investors showed confidence in the resilience of financial institutions despite global economic uncertainties. Total trading volume for the day reached 4.25 billion shares, valued at RM2.87 billion. Market breadth was marginally positive, with 510 gainers outpacing 455 decliners. Analysts noted that market sentiment remains cautiously optimistic, with investors closely monitoring upcoming corporate earnings reports and macroeconomic data for further market direction. Next week, the market's focus will shift to global manufacturing PMI figures and local inflation reports.
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