Today’s KLSE Stock Signal
Malaysia Stock Market News
- Heavy churning of penny oil and gas (O&G) stocks on Thursday drove the total market volume to the highest since May last year amid a firmer broader market though blue chips gave up some gains. At 5pm, the KLCI was down 3.72 points or 0.22% to 1,674.52. Advancers beat decliners 491 to 400 while 387 counters were unchanged.However, turnover surged to 4.77 billion shares valued at RM2.74bil, reflecting the low quality buying. Nine out of the 10 most active stocks were O&G counters. Sino-Hua Ann jumped seven sen to 29 sen with 375 million shares done, Destini also added seven sen to 32.5 sen and Sapura Energy eked out one sen to 35 sen. Carimin climbed 10.5 sen to 94 sen, Hibiscus five sen to RM1.07 and Perdana Petroleum rose three sen to 48 sen while Bumi Armada was flat at 19.5 sen. Among the KLCI stocks, Petronas Dagangan fell 18 sen to RM25.12, Petronas Chemical lost five sen to RM9.25, Petronas Gas fell two sen to RM17.68 but Dialog was flat at RM3.20. US light crude oil rose six cents to US$58.32 and Brent added 10 cents to US$67.65.