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Market Daily Report: Bursa Malaysia Closes Higher On Easing Geopolitical Tensions

KUALA LUMPUR, May 6 (Bernama) -- Bursa Malaysia closed higher today as easing West Asia tensions lifted overall market sentiment and encouraged a broader risk-on tone across regional equities, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.44 points, or 0.54 per cent, to 1,756.87 from Tuesday’s close of 1,747.43. The benchmark index, which opened 1.65 points higher at 1,749.08, moved between 1,746.80 and 1,760.30 during the day. Market breadth was positive with gainers beating losers 785 to 503. A total of 535 counters were unchanged, 809 untraded, and 10 suspended. Turnover expanded to 3.98 billion units worth RM3.97 billion compared with 2.86 billion units worth RM2.59 billion yesterday.
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Market Daily Report: Bursa Malaysia Closes Higher On Late Buying

KUALA LUMPUR, May 5 (Bernama) -- Bursa Malaysia reversed earlier losses to end higher on Tuesday as buying interest gained momentum in the afternoon session, said an analyst.  At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.66 points, or 0.44 per cent, to close at 1,747.43 from Monday’s close of 1,739.77. The benchmark index, which opened 1.97 points lower at 1,737.80, moved between a low of 1,732.64 and a high of 1,747.82 throughout the day. Market breadth was negative with losers leading gainers 605 to 539. A total of 599 counters were unchanged, 889 untraded, and 11 suspended. Turnover decreased to 2.86 billion units worth RM2.59 billion compared with 3.05 billion units worth RM2.55 billion yesterday.

Oil Pulls Back Slightly, But Supply Risks Keep Prices Elevated

Oil prices eased modestly on Tuesday after recent sharp gains, as signs emerged that the US is  loosening Iran’s control over the Strait of Hormuz , offering limited relief to global supply concerns. Oil Prices Slip After Strong Rally Crude benchmarks declined following a surge in the previous session: Brent crude  fell  1.1% to ~US$113/barrel WTI crude  dropped  1.9% to ~US$104/barrel The pullback comes after  multi-day gains driven by supply disruption fears , suggesting short-term  profit-taking  rather than a shift in fundamentals. Limited Progress in Reopening Hormuz The US has begun efforts to restore shipping access: US Navy escorted vessels through the  Strait of Hormuz A Maersk-operated ship successfully exited the Gulf However, analysts stress this remains: A  one-off development , not a full reopening Insufficient to eliminate broader supply risks The Strait typically carries  ~20% of global oil supply , making it a criti...