The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.4 points to close at 1488.5, driven primarily by gains in banking heavyweights like Public Bank and Maybank. However, the technology sector faced pressure following a weak performance on the Nasdaq.
The FTSE Bursa Malaysia KLCI (FBM KLCI) closed marginally higher today, gaining 0.15% to settle at 1488.5 points. Market sentiment remained cautious, but robust performance from banking stocks provided essential support to the benchmark index. Public Bank (PBBANK) climbed 0.8%, and Maybank (MAYBANK) rose 0.5%. Trading volume was moderate. Conversely, the Technology Index dropped 1.2%, primarily influenced by the overnight correction in the US Nasdaq index. Investors are currently awaiting US inflation data later this week for further market direction. Overall market breadth was slightly negative, with decliners outpacing gainers.
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