KUALA LUMPUR (March 8): Oil and gas (O&G) counters on Bursa Malaysia closed largely in the green today, with several touching their one-year highs earlier, after Brent crude oil prices flirted with the US$70-per-barrel range that was last seen in January 2020.
The Bursa Malaysia Energy Index rose as much as 6.53% in the morning session to its highest since March 2020, and remained in the green to settle up 3.54% at 5pm today.
Among the top active counters were Dagang NeXchange Bhd, Sapura Energy Bhd, Sealink International Bhd, Velesto Bhd, KNM Group Bhd and Bumi Armada Bhd.
The counters that touched their one-year highs included Sapura Energy (rose to 17.5 sen before closing up one sen or 6.7% at 16 sen), Bumi Armada Bhd (rose to 49.5 sen before closing up half a sen or 1.09% at 46 sen) and Petronas Chemicals Group Bhd (PetChem), which rose to RM8.58 before closing up 53 sen or 6.77% at RM8.35. PetChem was also the sector’s biggest gainer and the third largest gainer across Bur
KLCI extends upward momentum to open higher theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (March 5): Bursa Malaysia ended the morning session mixed, with the key index rising 0.24%, lifted by selected heavyweights including banking stocks after Bank Negara Malaysia (BNM) decided to maintain the overnight policy rate (OPR) at 1.75% yesterday.
At 12.30pm, the benchmark FBM KLCI had increased 3.81 points to 1,585.07 from yesterday’s close at 1,581,26.
The index moved between 1,579.74 and 1,587.97 throughout the morning trading session.
Market breadth was negative with losers outpacing gainers 642 to 393, while 416 counters were unchanged, 704 untraded and nine others suspended.
Total volume stood at 4.6 billion units worth RM2.61 billion.
In a note earlier today, Malacca Securities Sdn Bhd said it expects the local bourse to continue to consolidate further as market players are likely to adopt a more cautious tone in the broader market.
Bursa opens lower on profit taking theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Bursa Malaysia turned mixed in the mid-morning today, with the key index rising 0.73%, lifted by advances in the heavyweights. At 11.05am, the benchmark FBM KLCI had advanced 11.46 points to 1,578.6 from 1,567.14 at last Friday’s closing.