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Why Is Hengyuan's Share Price Falling Today?

RaymondRates.my2 min read

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Hengyuan Refining shares closed down 15.8% at RM3.05 on Thursday, their sharpest one-day fall in weeks, as Brent crude crashed 8.7% overnight to a two-month low after the US midterm election results. This is the closing price; the session is complete.

Why is Hengyuan’s share price falling today?

Hengyuan Refining (4324), daily candles
5 Oct – 5 Nov 2026, completed sessions
Hengyuan Refining HENGYUAN · 4324 · KLSE · daily · RM3.05 ▼ 15.8% today, 26% below the 23/26 Oct peak close of RM4.13O 3.39 H 3.39 L 2.94 C 3.055 Nov 2026 · Vol 15.61m3.253.503.754.004.2526 Oct: 4-week high, RM4.13 closecrack-spread rally5 Nov: -15.8%, RM3.05 closeBrent -8.7% overnight3.05Volume, million shares5m10m15m5 Oct12 Oct19 Oct26 Oct2 Nov5 NovYahoo Finance daily OHLCV, completed sessions
  • Hengyuan closed at RM3.05, down 15.8%from Wednesday’s RM3.62, on 15.6 million shares traded — about RM47.6 million turnover (Yahoo Finance, KLSE Screener, both matching at the close).
  • Brent crude settled at US$94.62, down 8.7%overnight, a two-month low, after US Vice-President JD Vance blamed the Iran war for the Democrats’ midterm win (CNBC, The Star).
  • The stock had rallied to a four-week high of RM4.13on 23 and 26 October on elevated refining crack spreads tied to the same Iran-war oil premium (BIMB Research, cited by The Star, 6 Oct). Today’s fall erases about 26% of that rally.
An oil pump jack silhouetted against a red sunset
Refiners like Hengyuan had rallied on the same war-risk oil premium that is now unwinding. · Photo: Unsplash

Hengyuan’s fall is the mirror image of AirAsia and Capital A’s jump on the same overnight oil move — cheaper crude helps airlines and hurts refiners, whose margins and feedstock value are tied to the price of oil itself. Track the stock live on the Bursa heat list.

What to watch

  • Not yet reportedAny US-Iran diplomatic development.Analysts quoted by Reuters and CNBC say oil’s war-risk premium could snap back without a durable de-escalation, which would cut the other way for refiner stocks.
  • Not yet datedHengyuan’s Q3 FY2026 results.Not yet scheduled; last year’s third-quarter results were reported on 28 Nov 2025 (The Star), so a similar late-November date is plausible but unconfirmed.
Not financial advice. This is general information on Hengyuan Refining Company Berhad’s (4324) share price and the Bursa Malaysia session, checked after the 5pm close on 5 November 2026. It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue price targets or forecasts. The BIMB Research figure above is a third-party analyst estimate, not ours. Confirm current prices with your broker before acting.

Sources

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