KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
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: ...