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KUALA LUMPUR: Selling pressure on Petronas Gas, Genting Bhd and Genting Malaysia pushed the FBM KLCI further into the red on Thursday ahead of the extended weekend.
KUALA LUMPUR: Bursa Malaysia ended in the morning trading session in red on Thursday while oil and gas (O&G) counters were in focus.
KUALA LUMPUR: The sustained oil prices breathed life into lower liners oil and gas stocks which climbed in active trade early Tuesday but the market’s exuberance did not flow to the blue chips which slumped for the second day this week.
PETALING JAYA: Alam Maritim Resources Bhd is expected to remain in the red in its financial year 2017 (FY17) despite turning profitable in the second quarter, according to Kenanga Research.
WASHINGTON: Tropical Storm Harvey will come with major economic consequences for an area critical to US energy production that will be painful, costly and lasting, but the damage is unlikely to reverberate across the country, economists said.
KUALA LUMPUR: AmInvestment Research remains cautious on the oil and gas sector given the unabated increase in shale oil production highlighted by rising US rig counts, which has surged 2.4 times since the all-time low in May 2016 to 950.