Rising price of crude oil, which had pierced the psychologically key US$50 per barrel level for the first time this year, is buoying investors’ sentiment in the stock market.
Shares in battered down oil and gas companies including SapuraKencana Petroleum Bhd and Bumi Armada Bhd are off their recent lows on expectation that demand for their services will recover on higher price of crude oil.
Companies related to Petroliam Nasional Bhd (Petronas) are also on the roll. Heavy buying interest on these blue-chip stocks is helping to prop up the broader market.
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Shares in battered down oil and gas companies including SapuraKencana Petroleum Bhd and Bumi Armada Bhd are off their recent lows on expectation that demand for their services will recover on higher price of crude oil.
Companies related to Petroliam Nasional Bhd (Petronas) are also on the roll. Heavy buying interest on these blue-chip stocks is helping to prop up the broader market.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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