Markets

FBM KLCI climbs on energy sector gains, risk-off sentiment continues for broader market

KUALA LUMPUR: The FBM KLCI moved higher on Friday as energy-related stocks rose in tandem with surging crude oil prices.

While crude prices slid slightly following reassurances from US President Donald Trump Brent he would provide political risk insurance for deliveries through the Strait of Hormuz, Brent has topped US$84 a barrel after a five-day rally while West Texas Intermediate is just under US$80 a barrel.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bursa Malaysia , KLCI , equities , trading , stock

Next In Business News
Malaysian financial markets show resilience despite global uncertainty
TNB unit issues RM1.5bil sustainability sukuk wakalah
Mah Sing signs supplemental agreements for Johor land acquisition
Citi shuts most UAE branches temporarily as banks evacuate offices in region
Oasis Home in JV to strengthen presence in Singapore’s e-commerce market
EcoWorld 1Q net profit surges to RM156.41mil
Bank Negara issues technology risk policy for payment service regulatees
Ringgit eases vs US dollar on cautious sentiment amid worries over oil supply
FBG wins RM15.5mil construction job from S P Setia
BAuto sees positive FY26 outlook as new models drive sales

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.