Positive sentiments drive Bursa higher

Suspension of short-selling also helped market

Low oil prices could lead to cut in Petronas capex, says Affin Hwang

KUALA LUMPUR: The prolonged oil price environment could see Petronas reducing its capital expenditure, says Affin Hwang Capital research, which has an underweight stance on the Malaysian oil and gas sector.

Short selling for CMSB, Serba, MI, Frontken suspended

KUALA LUMPUR: Bursa Malaysia Securities suspended the short selling activities for CMSB, Serba Dinamik, MI and Frontken on Monday morning and for the rest of the day.

Stockbrokers yet to press red button

MAJOR stockbrokers have yet to press the force selling button, which may affect as low as 20 companies and the tally may go up to 30 companies.

O&G stocks rebound but can uptrend be sustained?

WHILE some oil and gas (O&G) stocks on Bursa Malaysia staged a rebound after a streak of losses, the question remains if their uptrend can be sustained especially with the volatility in crude oil prices.

Bursa Malaysia continues slide to 11-year low

PETALING JAYA: There seems to be no end to the onslaught on Bursa Malaysia as the benchmark stock index fell for the sixth consecutive trading day as investors liquidated their shares for cash on day two of Malaysia’s movement control order (MCO) amidst fears of the coronavirus disease (Covid-19).

Brent oil price goes below US$30 per barrel

PETALING JAYA: Brent crude oil price went below US$30 per barrel over the last two days as global demand for oil is set to decline as more countries go into lockdown.

Oil companies with exposure to E&P seen most vulnerable

Serba Dinamik unaffected, monitoring oil price volatility

KUALA LUMPUR: Oil and gas price volatility will not have any long-term impact on Serba Dinamik Holdings Bhd’s operation and maintenance (O&M) activities

Price war could spark new downcycle for oil, disrupt value chain

KUALA LUMPUR: A sustained disruption to the price of crude oil could throw the entire market into disarray and spark a new downcycle for oil, especially amid a demand slowdown, says Kenanga research.