The KLCI closed lower on Tuesday, despite strong regional performance, as local investors engaged in profit-taking, particularly in recently rallying energy and technology stocks. Trading volume remained robust.
The Kuala Lumpur Composite Index (KLCI) closed slightly lower today, shedding 4.6 points to settle at 1485.5 points, a 0.31% drop. Daily trading volume reached 3.85 billion shares valued at RM2.41 billion. The index was primarily dragged down by the energy sector, following strong recent gains driven by higher oil prices. Dialog Group (DIALOG) fell 1.5%, while Petronas Dagangan (PETDAG) dropped 0.8%. Despite the overall dip, banking stocks remained stable, with Maybank (MAYBANK) gaining 0.2%. Market sentiment remains cautious as investors await US inflation data scheduled for release later this week, which will influence global interest rate expectations.
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