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KUALA LUMPUR: Blue chips surrended all their early Monday gains to dip slightly into the red at the midday break on lack of sustained leads from funds as Petronas stocks, Digi and MISC fell.
KUALA LUMPUR: The FBM KLCI crossed the 1,700 level briefly on Tuesday on some buying of Axiata, Sime Darby and Maybank but the lack of follow-through support saw the 30-stock index easing off.
KUALA LUMPUR: Fund buying of key stocks including Tenaga Nasional, Sime Darby and Axiata underpinned the FBM KLCI's gains towards the key 1,700 level on Monday, due to the rebound in crude oil prices and stronger ringgit.
KUALA LUMPUR: SapuraKencana Petroleum Bhd's unit has found gas at two of the three wells within the Block SK408 production sharing contract (PSC) area, offshore Malaysia.
CIMB Research has lowered its valuation on Malaysia Airports Holdings Bhd’s (MAHB) 100%-owned Istanbul Sabiha Gokcen (ISG) International Airport by 15% from from 795 million euros to 671 million euros, as the existing single runway could hit full capacity by 2017 and 2018
KUALA LUMPUR: Maybank Investment Bank Research (Maybank IB Research) says SapuraKencana Petroleum’s (SKPetro) plans to unlock and monetise its gas reserves is a “major catalyst” which has not been factored by the market yet.
KUALA LUMPUR: Blue chips extended their losses in mid-morning trade on Thursday depsite the firmer ringgit and jump in crude oil prices as Tenaga Nasional, Axiata and SapuraKencana Petroleum came under selling pressure.