The Kuala Lumpur Composite Index (KLCI) closed Friday with a gain of 0.35%, reaching 1,528.90 points, primarily driven by a strong performance in the financial sector. Investor sentiment remained optimistic ahead of the upcoming Lunar New Year holidays, with trading volume moderate.
The Kuala Lumpur Composite Index (KLCI) ended Friday's trading session on a positive note, gaining 5.35 points to close at 1,528.90. The financial sector was the primary driver, with Maybank rising 1.2% to RM9.50 and CIMB Group adding 1.5% to RM6.45. Market sentiment was buoyed by positive regional market performances, though some investors opted to lock in profits ahead of the Lunar New Year break. Total volume for the day stood at 3.85 billion shares valued at RM2.53 billion. Analysts anticipate cautious optimism to prevail as the corporate earnings season begins next week, with focus on banking and plantation sectors.
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