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Malaysia Fuel Prices Rise as Oil Surge from Middle East Conflict Bites

Malaysia will see  higher fuel prices  for the week of May 21–27, reflecting the continued impact of  elevated global oil prices driven by geopolitical tensions . Fuel Prices Increase Across Key Categories The Ministry of Finance announced the following adjustments: RON97:  +15 sen to  RM4.85/litre Unsubsidised RON95:  +20 sen to  RM4.07/litre Diesel (Peninsular):  +10 sen to  RM4.97/litre The increases highlight the  pass-through effect of global crude price spikes  into domestic fuel costs. Oil Prices Remain Elevated Global energy markets continue to face pressure: Brent crude ~US$110 per barrel Up nearly  60% from pre-conflict levels (~US$70) The prolonged Middle East conflict has: Disrupted  supply routes Increased  shipping and insurance costs Added  inflationary pressure globally Subsidies Cushion Impact for Consumers Despite rising market prices, government subsidies remain in place: Subsidised RON95: ...
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Malaysia Market Wrap: MR D.I.Y. Profit Hits Record as Exports Surge, KLCI Extends Decline


Malaysia’s market saw mixed signals, with strong corporate earnings and record trade data offset by continued weakness in equities amid cautious investor sentiment.

Wall Street Rally Led by AI Momentum

US markets surged on the back of strong tech performance:

  • S&P 500 +1.08% (record high)
  • Nasdaq Composite +1.54%
  • Dow Jones Industrial Average +1.31%

Nvidia remained in focus after beating revenue expectations and announcing an US$80 billion share buyback, reinforcing AI-driven optimism.

KLCI Falls for Sixth Straight Session

The FTSE Bursa Malaysia KLCI Index declined 0.55%, extending its losing streak to six consecutive sessions.

  • Market breadth was weak (840 losers vs 366 gainers)
  • Losses were led by PETRONAS-linked stocks
  • Sentiment remains cautious amid regional weakness and geopolitical risks

Malaysia Trade Hits Record High

Malaysia’s external trade delivered a strong macro boost:

  • Total trade: RM336.7 billion (+28.6% YoY)
  • Exports: RM182.7 billion (+36.9%) — all-time high
  • Imports: RM154 billion (+20%)
  • Trade surplus: RM28.8 billion

Growth was driven by:

  • Re-exports (+113.5%)
  • Steady expansion in domestic exports (+11.2%)

Corporate Highlights: Earnings and M&A Activity

Record Earnings

  • MR D.I.Y. 
    • Net profit: RM192 million (+10.3% YoY)
    • Revenue: RM1.37 billion (record high)
    • Supported by margin expansion and store growth

Major Corporate Move

  • Batu Kawan acquiring 47.7% stake in MKH
    • Triggers mandatory general offer (MGO)
    • Potential move to take MKH private

Mixed Earnings Across Sectors

  • IGB: Profit surged on one-off disposal gain
  • Genting Plantations : Profit +11% YoY
  • UEM Sunrise: Profit -20.9% YoY
  • S P Setia (8664.MY): Profit more than halved

Investor Takeaways

  • KLCI remains under pressure, despite strong global tech momentum.
  • Malaysia exports hit record highs, signalling strong external demand.
  • MR D.I.Y. delivered record earnings, highlighting resilient consumer demand.
  • M&A activity (Batu Kawan–MKH) signals ongoing corporate restructuring opportunities.
  • Mixed earnings underline the need for selective stock picking.
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