The FBM KLCI closed marginally higher by 0.25% at 1,488.50 points on Friday, primarily supported by banking counters. Investors remained cautious ahead of the weekend, but optimism surrounding corporate earnings provided some underlying support to the market.
The FBM KLCI showed resilience in Friday's trading session, closing up 3.72 points at 1,488.50. Despite mixed regional market performances, the local bourse managed to eke out a marginal gain, primarily driven by banking stocks. Maybank rose 0.5% while CIMB gained 0.8%. Total volume traded for the day was 3.85 billion shares valued at RM2.41 billion. Analysts noted that investors are awaiting more corporate earnings reports due next week and remain cautiously optimistic about the global economic outlook. Market breadth was slightly negative, but buying interest in key index constituents provided support to the overall performance.
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