KUALA LUMPUR, June 24 (Bernama) -- Bursa Malaysia finished higher on Wednesday as bargain-hunting activities emerged following recent pullback in the market, analysts said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 0.13 per cent, or 2.21 points, to 1,682.13 from Tuesday’s close of 1,679.92. The index opened 2.11 points better at 1,682.03 and moved between 1,680.49 and 1,690.66 throughout the trading session. Market breadth was positive with gainers outpacing decliners 518 to 483, while 564 counters were unchanged, 1,175 untraded and 41 suspended. Turnover shrank to 2.76 billion units valued at RM2.42 billion against 3.35 billion units worth RM3.12 billion on Tuesday.
The US says the Strait of Hormuz will reopen quickly but global allies are not convinced. That gap in expectations could be a key risk for markets. Key Points US expects Hormuz reopening within days European allies warn it could take weeks, not days Mine-clearing and security risks remain unresolved Shipping may take up to 2 weeks to resume meaningfully Full normalisation could take much longer Disagreements persist on rules, tolls, and control of the strait Markets may be pricing in a smooth reopening, but reality could be slower and more complex. Why the Delay Matters Reopening Hormuz is not just a political decision, it is an operational challenge: Mines may still be present Ships need security guarantees Insurance and risk tolerance vary among shippers This means even after a deal is signed, confidence will take time to return . A Divided Global Response At the G7 level: The US is pushing for a rapid reopening Europe is demanding clari...