The KLCI closed at 1498.50 points, down 2.25 points (0.15%). Profit-taking activity dominated, particularly in the financial and energy sectors, following recent gains. Trading volume remained robust, reflecting cautious sentiment ahead of regional economic data.
The FTSE Bursa Malaysia KLCI (FBM KLCI) closed slightly lower today, shedding 0.15% or 2.25 points, settling at 1498.50, failing to hold the crucial 1500 psychological level. Market sentiment was cautious, with trading volume remaining high at 3.5 billion shares. The index was primarily dragged down by heavyweight financial and energy counters. Maybank fell 0.5% to RM9.15, while Petronas Chemicals Group (PetChem) dropped 1.2% to RM6.85 amidst softer crude oil prices. Technology stocks showed relative resilience, but this was insufficient to counteract the selling pressure on blue-chips. Analysts suggest investors are exercising caution ahead of key US inflation data scheduled for release later this week, which is limiting risk appetite across Asian markets.
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