KUALA LUMPUR: Lower liner oil and gas stocks were in play early Thursday, riding on the firm crude oil prices, while Perak Transit Bhd
made a firm debut on the Ace Market of Bursa Malaysia.
At 9.48am, the KLCI had eked out just a gain of 0.02 of a point to 1,662.94. Turnover was 317.25 million shares valued at RM135.51mil. There were 214 gainers, 173 losers and 263 counters unchanged.
Oil prices eased on Thursday but remained near June highs reached the previous session when they were buoyed by a fall in US crude inventories, Reuters reported.
U
S West Texas Intermediate (WTI) crude oil futures were trading at US$49.54 per barrel at 0136 GMT, down 29 cents or 0.6% from their last settlement. International Brent crude futures were down 30 cents, or 0.6%, at US$51.56 per barrel.
At Bursa Malaysia, Perak Transit rose 3.5 sen to 18.5 sen and it was the most active with 96.7 million shares done.
Lower liners oil and gas stocks were actively traded. Deleum rose six sen to RM1.12.
Perisai plumbed to fresh record lows of 7.5 sen, down one sen. Hibiscus Petroleum rose one sen to 7.5 sen, SapuraKencana was at at RM1.63 while Bumi Armada fell one sen to 70 sen. Enra lost 12 sen to RM2.03.
On a more positive note, Tien Wah Press rose 10 sen to RM1.85 on its plans to buy British American Tobacco Indonesia's printing business, PT Bintang Pesona Jagat, for RM97mil. The acquisition includes a six-year manufacturing and supply of packaging materials agreement.
Genting Malaysia rose nine sen to RM4.62 and Aeon Credit gained eight sen to RM14.70.
Top Glove fell the most, down 14 sen to RM4.97, Lafarge 13 sen lower at RM8.09 and Globetronics four sen lower at RM3.71.
Among the plantations. PPB Group fell eight sen to RM16.06 and NSOP five sen lower at RM4.05.
Limited time offer:
Just RM5 per month.
