KUALA LUMPUR : Lower liner oil and gas stocks were in play early Thursday, riding on the firm raw petroleum costs, while Perak Transit Bhd made a firm introduction on the Ace Market of Bursa Malaysia.
At 9.48am, the KLCI had squeezed out only an increase of 0.02 of a point to 1,662.94. Turnover was 317.25 million shares esteemed at RM135.51mil. There were 214 gainers, 173 failures and 263 counters unaltered.
Oil costs facilitated on Thursday however stayed close June highs achieved the past session when they were floated by a fall in US unrefined inventories, Reuters reported.
US West Texas Intermediate (WTI) unrefined petroleum prospects were exchanging at US$49.54 per barrel at 0136 GMT, down 29 pennies or 0.6% from their last settlement. Worldwide Brent unrefined prospects were down 30 pennies, 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 dynamic with 96.7 million shares done.
Lower liners oil and gas stocks were effectively exchanged. Deleum rose six sen to RM1.12.
Perisai plumbed to new record lows of 7.5 sen, down one sen. Hibiscus Petroleum rose one sen to 7.5 sen, SapuraKencana was 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 arrangements to purchase British American Tobacco Indonesia’s printing business, PT Bintang Pesona Jagat, for RM97mil. The securing incorporates a six-year assembling and supply of bundling materials understanding.
Genting Malaysia rose nine sen to RM4.62 and Eon Credit increased 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 manors. PPB Group fell eight sen to RM16.06 and NSOP five sen lower at RM4.05.
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