Quick take: O&G counters boosted by oil price rally

KUALA LUMPUR: Oil and gas (O&G) related counters attracted investors’ attention this morning as oil price rally continues.

Reuters reported that Brent crude settled at US$64.34 a barrel, gaining 99 cents, or 1.6%, while U.S. West Texas Intermediate (WTI) crude settled at US$61.14 a barrel, rising US$1.09, or 1.8%.

Both benchmarks were at their highest levels since January last year.

Bursa Malaysia’s Energy Index rose 39.13 points, or 4.15% to 980.98.

Velesto Energy Bhd, Alam Maritim, KNM Group, Bumi Armada, Sapura Energy Bhd and Hibiscus are among the top active counters on Bursa Malaysia.

Velesto rose one sen to 17.5 sen, Alam gained 1.5 sen to 11 sen, KNM climbed 1.5 sen to 22 sen and Bumi Armada advanced 2.5 sen to 40.5 sen.

Sapura added 0.5 sen to 15.5 sen while Hibiscus rose four sen to 74 sen.

Meanwhile, refiners Hengyuan Refining Co Bhd and Petron Malaysia Refining & Marketing Bhd are among the top gainers on Bursa Malaysia.

Hengyuan jumped 26 sen to RM6.44 and Petron rose 18 sen to RM5.37.

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O&G , refiners , Velesto , Hengyuan , Petron


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