O&G stocks lift Bursa higher


Bursa Malaysia ended higher yesterday after a roller-coaster ride throughout the day as gains in selected heavyweights, particularly oil and gas (O&G) counters, lent support to the market bellwether.

A dealer said the upbeat performance was mainly driven by the stronger crude oil prices.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished at 1,766, up 2.66 points, or 0.15%, from Tuesday’s close of 1,763.34. After opening 2.70 points firmer at 1,766.04, the key index moved between 1,760.82 and 1,766.70 throughout the day.

On the broader market, losers, however, trounced gainers by 431 to 375, with 395 counters unchanged, 638 untraded and 55 others suspended. Volume fell to 1.3 billion units worth RM1.55 billion from 1.68 billion units worth RM1.63 billion yesterday.

Of the O&G heavyweights, Petronas Chemicals Group Bhd added three sen to RM6.99, while Petronas Gas Bhd and Petronas Dagangan Bhd rose two sen each to RM18.90 and RM23.86 respectively.

Of the actives, UMW Oil & Gas Corp Bhd edged up half a sen to 31.5 sen and Kronologi Asia Bhd advanced seven sen to 69.5 sen.

Globaltec Formation Bhd was unchanged at 6.5 sen.

Ekovest Bhd rose half a sen to RM1.13 and Iskandar Waterfront City Bhd increased by three sen to RM1.36 after China’s Wanda Group Co Ltd was reported to have dropped its bid for Bandar Malaysia project yesterday.

Ajinomoto (M) Bhd topped the list of the gainers by bagging 52 sen to RM25.10, while the top loser, British American Tobacco (M) Bhd, gave up 58 sen to RM44.06.

The FBM Emas Index rose by 18.01 points to 12,567.60, FBM Emas Shariah Index was 14.70 points better at 12,732.26 and the FBM T100 Index increased by 16.99 points to 12,210.84.

The FBM 70 went up 15.34 points to 14,892.95 and the FBM ACE climbed 17.03 points to 6,591.75.

Sector-wise, the Finance Index surged 57.51 points to 16,752.64 and the Plantation Index advanced 15.03 points to 7,853.49. The Industrial Index was 6.51 points lower at 3,277.11. — Bernama