KUALA LUMPUR: The FBM KLCI rebounded on Friday after two days of losses, driven by gains in banking stocks despite cautious broader market sentiment and mixed regional cues.
The market bellwether ended the session 9.99 points, or 0.58%, higher at 1,740.88, easing from its intraday high of 1,744.82 and registered a 3.62%, or 60.77 points, gain for the month.
Broader market sentiment remained cautious, with losers outnumbering gainers despite active trading of 2.73 billion shares valued at RM3.43bil, pointing to selective rather than broad-based buying.
Dealers said gains in banking stocks helped lift the market, even as overall risk appetite remained measured.
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