A temporary ceasefire in the Middle East has failed to restore normal shipping conditions in the Strait of Hormuz , as Iran continues to exert control through a de facto “toll system” , keeping global energy markets under pressure. Strait Control Maintains Supply Risk According to reports, Iran has implemented a politically driven access system in the Strait: Iran-linked shipments: Allowed free passage Friendly nations: Charged fees exceeding US$1 million per vessel Unfriendly nations: Potentially blocked The policy effectively turns the Strait into a strategic chokepoint , reinforcing uncertainty over global oil and gas flows. The arrangement remains in place despite the ceasefire agreement announced by Donald Trump . Ceasefire Fails to Normalize Energy Flows While the US-Iran truce was expected to ease tensions, shipping activity remains limited : Many vessels are avoiding the Strait entirely Others are forc...
KUALA LUMPUR (Oct 25): The FBM KLCI settled 2.91 points or 0.2% higher, mainly on index-linked Genting Malaysia Bhd share gains.
At 5pm, the KLCI closed at 1,739.05 points after falling to its intraday low at 1,733.67 points. Genting Malaysia shares rose 13 sen to RM5.13 to become Bursa Malaysia's ninth-largest gainer.
Across Bursa Malaysia, 2.46 billion shares worth RM1.89 billion were traded. There were 349 gainers and 433 decliners.
“The (Malaysian) stock market is actually oversold, and (the KLCI) will probably hold at the 1,740-1,750 level for the next few days. There’s no reason for it to fall further,” Malacca Securities Sdn Bhd head of research Victor Wan told theedgemarkets.com.
Looking ahead, Wan said besides Malaysia's Budget 2018 which will be announced this Friday (Oct 27), investor sentiment will be largely dependent on announcements of more infrastructure projects, which in turn will affect Bursa Malaysia construction counters.
Today, investors' interest on Bursa Malaysia construction counters was apparent. The Bursa Malaysia Construction Index rose 5.87 points or 1.83% to close at 326.98 points.
Source: The Edge

Comments
Post a Comment