O&G players continue positive momentum as crude oil price hits 3-year high

Can you carry us small fry with the momentum?

Dateline 2018-01-10, Edge:

Oil & gas (O&G) players continued their positive momentum this morning, buoyed by optimism and positive sentiment after crude oil price hit a 3-year high of US$69.23.

As at time of writing, UMW Oil & Gas Corporation Bhd led the most active counters with more than 132.5 million shares traded, as its share price gained by 4.7% or 2 sen to 44.5 sen. Sapura Energy Bhd was also among the active counters as its share price rose by 1.6% or 1.5 sen to 95 sen, with 66.0 million shares exchanging hands.

Hibiscus Petroleum Bhd gained 2.83% or 3 sen to RM1.09 with about 59.9 million shares traded, while Dagang NexChange Bhd made its upward movement by 2.8% or 1.5 sen to 55.5 sen with 17.0 million shares exchanging hands.

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