Regional foreign funds turned cautious despite April inflows, while higher oil prices and currency movements influenced market sentiment.
Wall Street closed higher as traders bet on easing US-Iran conflict; Brent crude stays elevated, FBM KLCI retreats.
Brent surged above $100 as G7 met; Rystad warns prices could hit $135 if Middle East conflict drags on.
New US sanctions on Rosneft and Lukoil have tightened global oil supply, pushing Brent above $66 and widening backwardation.
Oil and gas sector posts mixed 2QFY25; weaker Brent prices offset by stronger gas, storage, and LNG demand.
The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives closed lower yesterday with the local market…
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