News Formal

Oil & gas stocks drive Bursa higher, CI at 1,403.44 | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 86%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

KUALA LUMPUR, May 15 — Oil and gas related stocks surged on higher oil prices, lifting Bursa Malaysia to close above the 1,400 key level today. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 6.19 points higher at 1,403.44 on Friday, compared to 1,397.25 at yesterday’s close. The index...

The Malaysian stock market was hit with external shocks which came after the US presidential election November 10, 2016. — Picture by Hari Anggara

The index opened 6.22 points higher at 1,403.47 and moved between 1,398.71 and 1,408.19 throughout the session. On Wednesday, Bursa Malaysia’s volume reach its all-time high of 9.59 billion units worth RM5.1 billion versus the previous all-time high of 7.67 million units recorded on Aug 20, 2014. The IEA also sees a 6.7 million barrels per day non-OPEC production decline from March-June, with the US and Canada leading the way.

Among heavyweights, PetChem went up 16 sen to RM5.56, MISC rose 20 sen to RM8.00, Dialog was 11 sen better at RM3.44 and Petronas Gas improved 24 sen to RM15.88.As for active counters, KNM inched up three sen to 18 sen, Hibiscus Petroleum rose 6.5 sen to 58 sen, while Sapura Energy and Velesto added half-a-sen each to nine sen and 14 sen.

Main Market volume rose to 6.92 billion shares worth RM3.44 billion from 4.09 billion shares worth RM3.32 billion yesterday.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Opec sees oil market already rebalancing | The Malaysian InsightThis comes days after some members voluntarily increase production cuts.
Källa: msianinsight - 🏆 8. / 63 Läs mer »