FBM KLCI falls on Middle East tensions; energy sector favoured, corporate updates include Sunway’s failed takeover and Reneuco’s delisting risk.
Wall Street rallies on tech gains, Nasdaq climbs, while energy stocks slump amid oil price volatility and cautious investor sentiment.
Oil & Gas: dirty tanker rates continued to outperform, surpassing the 1,700 mark and reaching a two-year high.
The Energy sector remains strong due to rising Brent oil prices, while the travel sector benefits from increased air passenger…
Energy sector likely to benefit from sharp oil price gains driven by a larger inventory drawdown
Energy sector could also see some bargain hunting activities following the surge in oil prices on fears of escalating tension…
The Energy sector may some see buying interest as OPEC+ delayed their planned increase of 180k barrels per day output…
Lower liner stocks continued their pullback, with only the Energy (+0.1%) and Plantation (+0.01%) sectors outperforming the broader market
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