Malaysia's stock market ended higher today, with the FBM KLCI gaining 5.6 points to 1528.9. Strong performances from banking and energy sectors offset weakness in technology stocks, indicating a resilient market sentiment despite mixed regional cues.
The FBM KLCI closed 5.6 points or 0.35% higher today at 1528.9, primarily driven by buying interest in banking and energy counters. Investors displayed cautious optimism ahead of the upcoming corporate earnings season. Total trading volume for the day reached 4.25 billion shares valued at RM2.87 billion. Despite mixed regional market performances, local sentiment remained resilient. Analysts noted that stable crude oil prices and expectations of domestic economic recovery provided underlying support for the market. However, technology stocks faced pressure due to a pullback in US tech giants, leading to an 0.8% decline in the FBM Technology Index. The market's focus in the coming week will shift towards corporate earnings reports and global economic data.
Share: