Bursa Malaysia Slides as Oil Prices Surge and Bond Yields Remain High

Bursa Malaysia ended lower on September 24 due to rising oil prices and elevated bond yields, according to Sedek Jantan, director of investment strategy and country economist at IPPFA Sdn Bhd.

The benchmark Brent crude futures for November jumped as much as 3.3% to US$106.50 (RM435.27) per barrel before paring some gains, adding to concerns that higher energy costs could reinforce inflationary pressures and keep interest rates higher for longer.

The combination of higher oil prices, elevated yields, and persistent foreign selling is likely to keep risk appetite cautious, while investors may continue to favour defensive and commodity-linked sectors.