PERISAI (0047) - Small cap oil and gas stocks in focus as oil climbs
KUALA LUMPUR: Small capitalised oil and gas stocks were in focus after crude oil prices staged a recovery but the broader market was cautious after the overnight tumble on Wall Street and the FBM KLCI snapped its recent rally.
At 9.36am, the KLCI was down 2.8 points or 0.15% to 1,816.30. Turnover was 371.89 million shares valued at RM152.45mil. There were 187 gainers, 228 losers and 190 counters unchanged.
Asian shares slipped on Thursday as losses on Wall Street and soft US economic data soured sentiment, while the dollar's bull run looked to have stalled for the time being.
Reuters reported oil prices edged higher after Saudi Arabia and its Gulf Arab allies launched air strikes in Yemen against Houthi fighters who have tightened their grip on the southern city of Aden where the country's president had taken refuge.
US crude erased early losses to swing 61 cents higher at US$49.82, while Brent crude added 73 cents to US$57.21 a barrel.
At Bursa Malaysia, Sumatec rose 0.5 sen to 22.5 sen while its warrants were flat at 15 sen. Perisai Petroleum added two sen to 56 sen and KNM gained 2.5 sen to 67 sen.
BAT fell the most, down 92 sen to RM69.08 but GAB added 18 sen to RM14.64.
Tenaga fell eight sen to RM14.42 while RHB Capital and Genting Bhd shed seven sen each to RM7.94 and RM8.63. Bursa lost six sen to RM8.53.
MPI gave up some of the recent gains, down 14 sen to RM6.71 following the decline in semmiconductor stocks on Nasdaq.
CanOne rose 16 sen to RM2.80 and PIE 13 sen to RM6.88. Furniture-based Latitude added 17 sen to RM6.47. CCM Duopharma added 10 sen to RM3.70.
http://www.thestar.com.my/
KUALA LUMPUR: Small capitalised oil and gas stocks were in focus after crude oil prices staged a recovery but the broader market was cautious after the overnight tumble on Wall Street and the FBM KLCI snapped its recent rally.
At 9.36am, the KLCI was down 2.8 points or 0.15% to 1,816.30. Turnover was 371.89 million shares valued at RM152.45mil. There were 187 gainers, 228 losers and 190 counters unchanged.
Asian shares slipped on Thursday as losses on Wall Street and soft US economic data soured sentiment, while the dollar's bull run looked to have stalled for the time being.
Reuters reported oil prices edged higher after Saudi Arabia and its Gulf Arab allies launched air strikes in Yemen against Houthi fighters who have tightened their grip on the southern city of Aden where the country's president had taken refuge.
US crude erased early losses to swing 61 cents higher at US$49.82, while Brent crude added 73 cents to US$57.21 a barrel.
At Bursa Malaysia, Sumatec rose 0.5 sen to 22.5 sen while its warrants were flat at 15 sen. Perisai Petroleum added two sen to 56 sen and KNM gained 2.5 sen to 67 sen.
BAT fell the most, down 92 sen to RM69.08 but GAB added 18 sen to RM14.64.
Tenaga fell eight sen to RM14.42 while RHB Capital and Genting Bhd shed seven sen each to RM7.94 and RM8.63. Bursa lost six sen to RM8.53.
MPI gave up some of the recent gains, down 14 sen to RM6.71 following the decline in semmiconductor stocks on Nasdaq.
CanOne rose 16 sen to RM2.80 and PIE 13 sen to RM6.88. Furniture-based Latitude added 17 sen to RM6.47. CCM Duopharma added 10 sen to RM3.70.
http://www.thestar.com.my/
