Energy stocks under pressure amid falling oil prices

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Investors may focus on fundamentally solid companies for now, says Malacca Securities.

KUALA LUMPUR: Bursa Malaysia opened marginally higher today, supported by renewed buying in selected heavyweights amidst improving regional sentiment.

“Investors may also focus on fundamentally solid companies which have earnings growth over the past two quarters,” it said in a note today. “However, the energy sector is likely to be under pressure amid falling Brent crude prices,” it added. Of the actives, Kinergy Advancement and Econpile advanced 0.5 sen to 34 sen and 32 sen, respectively, Southern Cable gained 1.5 sen to 38 sen, Tanco was flat at 55 sen and Sarawak Consolidated slid 0.5 sen to 49 sen.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines