The KLCI slipped 2.35 points, or 0.15%, to close at 1498.50, pressured by the overnight Nasdaq decline. Technology counters led the losses, though banking stocks provided stability.
The FTSE Bursa Malaysia KLCI (FBM KLCI) closed marginally lower on Tuesday, slipping 0.15% or 2.35 points to 1498.50, failing to hold the crucial 1500 level. Market sentiment remained cautious, largely reflecting the pullback seen in US technology stocks. Heavy selling pressure was observed in healthcare counters like Top Glove and Hartalega. The Technology Index fell by 1.2%. However, gains in banking giants like Maybank, which rose 0.5%, and Tenaga Nasional, which remained flat, helped cushion the losses. Total volume traded was 3.8 billion units, valued at RM2.1 billion. Investors are currently adopting a wait-and-see approach ahead of US inflation data scheduled for release later this week.
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