THE stock market was marked by cautious optimism yesterday, as the FBM KLCI saw modest gains of 4.55 points, or 0.28%, to close at 1,645.99.
The market traded mostly in positive territory throughout the day, supported by positive sentiment ahead of the evening’s Budget 2025 announcement, along with overnight bullish cues from Wall Street and the return of net foreign inflows. Additionally, the market appeared to be benefiting from some rotation out of the overbought China and Hong Kong markets with foreign funds seeking opportunities elsewhere in the region.
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