Oil and gas stocks under pressure as oil prices sink


KUALA LUMPUR: Malaysia’s FBM KLCI fell  more than eight points in early Friday as market sentiment weaken following the selldown on oil and gas counters among the top losers as crude oil prices fell below US$60 per barrel.

At 9.18am, the KLCI was down 8.03 points or 0.44% to 1,821.88. Turnover was 205.17 million shares valued at RM131.75mil. There were 287 losers to 64 gainers while 157 counters were unchanged.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read