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...
KUALA LUMPUR (Sept 20): The FBM KLCI closed 1.13 points or 0.07% higher after erasing losses in the final trading minutes while share-trade value across Bursa Malaysia more than doubled as world markets cheered major central banks' stimulus measures.
At 5pm, the KLCI closed higher at 1,597.41 on gains in index-linked counters including banking stocks AMMB Holdings Bhd and Malayan Banking Bhd (Maybank). The KLCI, which spent most of the day in the red, fell to its intraday low at 1,590.02.
“Some of the banking stocks rebounded at the last minutes of trading which lifted the KLCI to positive territory, such as AMMB which is a heavyweight,” Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng told theedgemarkets.com.
AMMB closed up eight sen or 1.94% at RM4.21 after a last-minute spike in its share price. Maybank rose nine sen or 1.04% to RM8.73.
Across Bursa today, 3.1 billion shares worth RM3.29 billion were
crossed amid oil and gas-related shares' heavy trade volume. Yesterday,
Bursa saw 2.28 billion shares valued at RM1.5 billion traded.
Today, top-active stock Bumi Armada Bhd's volume stood at some 425 million shares followed by Sapura Energy Bhd's 106 million shares. Bumi Armada closed down 1.5 sen or 4.35% at 33 sen.
Globally, Reuters reported that world shares rose on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
It was reported that China cut a key lending rate for the second straight month on Friday, becoming the third major central bank to cut interest rates in recent days, after the European Central Bank and the US Federal Reserve.
"Equity markets have welcomed the central bank moves, although most of the cuts were already priced in and worries about a possible global slowdown still linger. Renewed tensions in the Middle East, after an air attack knocked out a Saudi Arabian oil supply hub last weekend, have also unnerved investors. Oil prices were on track for a weekly gain of 7.6%, their biggest weekly rise since the first week of 2019," Reuters said.
Source: The Edge
Today, top-active stock Bumi Armada Bhd's volume stood at some 425 million shares followed by Sapura Energy Bhd's 106 million shares. Bumi Armada closed down 1.5 sen or 4.35% at 33 sen.
Globally, Reuters reported that world shares rose on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
It was reported that China cut a key lending rate for the second straight month on Friday, becoming the third major central bank to cut interest rates in recent days, after the European Central Bank and the US Federal Reserve.
"Equity markets have welcomed the central bank moves, although most of the cuts were already priced in and worries about a possible global slowdown still linger. Renewed tensions in the Middle East, after an air attack knocked out a Saudi Arabian oil supply hub last weekend, have also unnerved investors. Oil prices were on track for a weekly gain of 7.6%, their biggest weekly rise since the first week of 2019," Reuters said.
Source: The Edge
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