Malaysian Plantation Stocks Rise as Broader Market Falls on US Tariff News
Palm oil exemptions shield sector while benchmark index drops 0.79% amid trade tensions and oil price surge
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Palm oil exemptions shield sector while benchmark index drops 0.79% amid trade tensions and oil price surge

Kuala Lumpur's benchmark index fell in early trading Friday, pressured by rising crude prices and weakness in US technology stocks that dampened regional risk appetite.

Benchmark index slips below 1,715 amid fresh trade measures, though regional comparison shows relative strength

Kuala Lumpur's benchmark held psychological support near 1,700 while crude spiked on Red Sea tanker incidents and Iran tensions

The benchmark index gained over three points to close at 1,714 as the ringgit held steady and cryptocurrency markets showed mixed performance.

The FBM KLCI recovered modestly after three sessions of losses, lifted by oil-linked equities while cautious sentiment persists across regional markets

Kuala Lumpur's benchmark index declined 0.52 percent as Middle East tensions and rising crude prices triggered a wave of selling across regional markets.

Kuala Lumpur shares fell half a percent Wednesday, with profit-taking and West Asia tensions dampening appetite despite signs of underlying market strength.

Bursa Malaysia retreated sharply Wednesday while the ringgit gained ground against the dollar, reflecting divergent investor sentiment across asset classes

The Japanese food giant's local unit will ask minority shareholders to approve a delisting that values the business at RM20 per share, a premium to recent trading levels.

The property developer will delist from Bursa Malaysia after a selective capital reduction buyout valued at RM269.4 million targets minority shareholders.