KUALA LUMPUR: Global markets tumbled and Bursa Malaysia succumbed to sharp selling pressure as peace talks between Russia and Ukraine came to a halt and US inflation hit a fresh 40-year high.
A 14-year high in the price of Brent crude hasn't rubbed off on Bursa Malaysia-listed oil and gas (O&G) counters even though oil prices hit US$130 (RM543.85) per barrel on Monday (March 7).
PETALING JAYA: The stellar run of the Brent crude oil price this year has brought small-to-medium sized oil and gas (O&G) service providers back to life.
KUALA LUMPUR: Bursa Malaysia started on a soft note on Monday, as expected, as the market retraced following the rally over the previous week and US equities sharply declined on worries over a brewing Russia-Ukraine conflict.