Bearish oil weighs on Malaysian O&G stocks

Petron Malaysia Refining & Marketing Bhd slid 24 sen to RM7.10, while Hengyuan Refining Co Bhd dropped 23 sen to RM4.92 against a slight gain in Bursa Malaysia

PETALING JAYA: Upstream oil and gas (O&G)-related stocks fell yesterday and will continue to be under pressure on bearish oil prices.

Petron Malaysia Refining & Marketing Bhd slid 24 sen to RM7.10, while Hengyuan Refining Co Bhd dropped 23 sen to RM4.92 against a slight gain in Bursa Malaysia’s benchmark FBM KLCI, which closed 1.86 points higher at 1,777.43.