The ongoing Middle East conflict is not just an oil story — it is triggering a structural shift in global energy investment , with capital rotating toward energy security-driven sectors . Energy Crisis Exposes Structural Weakness The disruption of the Strait of Hormuz (≈20% of global oil flows) has reinforced a critical reality: energy dependence = geopolitical risk . As highlighted in the report , governments are no longer optimising for cost, they are prioritising energy independence and supply resilience . This marks a shift from “energy economics” to “energy security” , fundamentally changing investment flows. Clean Energy Becomes Strategic, Not Optional Rising oil prices and supply uncertainty have flipped the equation: Expensive oil → renewables become economically viable faster Supply risk → policy acceleration toward domestic energy sources This mirrors the post-Ukraine war shift in 2022 , but on a broader scale. Key Se...
Market Daily Report: FBM KLCI falls; volume breaches four billion shares as FBM ACE trumps blue chips
KUALA LUMPUR (Oct 12): The FBM KLCI fell 3.21 points or 0.2% as rotational interest in smaller-capitalisation stocks helped the FBM ACE gain 136.78 points or 2%. Such sentiment led to a share-trade volume rise across Bursa Malaysia to above four billion units.
At 5pm, the KLCI closed at 1,754 points while the FBM ACE ended at 6,840.98 points. The KLCI fell today despite US equity indices reaching record closing highs overnight.
In Malaysia, Malacca Securities Sdn Bhd senior analyst Kenneth Leong told theedgemarkets.com the stock market was "affected by renewed selling pressure in selected telco (telecommunication company) and banking heavyweights especially Hong Leong Bank Bhd and Digi.Com Bhd.”
Across Bursa Malaysia, 4.33 billion shares valued at RM2.39 billion changed hands. Gainers outpaced decliners at 446 versus 396 respectively.
Top gainers included rubber glove manufacturers Top Glove Corp Bhd, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd.
US shares rose overnight. Reuters reported that major US stock indices edged up to post record closing highs on Wednesday after a report that a market-friendly candidate was being pushed as successor to Janet Yellen to helm the US central bank helped indices close near the highs of the day.
The Dow Jones Industrial Average rose 42.21 points, or 0.18 percent, to end at 22,872.89, the S&P 500 gained 4.6 points, or 0.18 percent, to 2,555.24 and the Nasdaq Composite added 16.30 points, or 0.25 percent, to 6,603.55.
Source: The Edge
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