THE spectacular post-budget run-up in oil & gas stock prices came to an abrupt halt yesterday as punters locked in their profits after the KLSE suspended trading in one of the hottest oil counters.
The suspension came in the last hour of trading when Scomi Group Bhd told the exchange that it did not know of any particular reason why its shares had enjoyed such phenomenal gains recently, apart from its acquisition of a 44% stake in Intra Oil Services Bhd.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
