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O&G sector still has upside on further capex spending by oil majors

BURSA Malaysia-listed oil and gas (O&G) companies have seen more activity and interest in the past half year than most sectors, buoyed by the reopening of China, elevated global crude oil prices and higher capital expenditure (capex) spending by oil majors, particularly Petroliam Nasional Bhd (Petronas). Even so, some analysts are of the view that there is still a lot of gas left in the tank for the sector as they say the recent activity only marks the start of an upcycle because average crude oil prices are projected to go higher in 2023. ....

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Bursa ends lower in lacklustre trading

Bursa Malaysia ended lower on Wednesday (Feb 22) amid lacklustre trading, in line with the downbeat performance in regional markets. At 5pm, the benchmark FBM KLCI had fallen 10.01 points or 0.68% to end at 1,464.0, compared with Tuesday's close at 1,474.01. ....

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MCMC probing Awesome TV over civil servants sacking claim

KUALA LUMPUR, Feb 21 The Malaysian Communications and Multimedia Commission (MCMC) opens an investigation against the private television channel Awesome TV for its news report. ....

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Bursa erases earlier gains to end lower

Bursa Malaysia erased earlier gains to end lower on Thursday (Feb 16) due to profit-taking on a lack of fresh catalysts, as investors remained cautious amid the mixed performance of regional and global equity markets, a dealer said. ....

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Bursa retreats on mixed Wall Street cues

Bursa Malaysia retreated from its gains last week to open lower on Monday (Feb 13), due to cautious sentiments on the local bourse, taking its cue from the mixed Wall Street performance last week, an analyst said. At 9.15am, the benchmark FBM KLCI had fallen by 2.73 points to 1,471.86, from last Friday's close at 1,474.59. ....

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