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Hibiscus, Sumatec up as oil rises past US$59/barrel

Mimi Sabreena 4:44:00 PM Informasi

KUALA LUMPUR (Sept 26): Oil and gas (O&G) counters including Hibiscus Petroleum Bhd and Sumatec Resources Bhd dominated Bursa Malaysia's most active list today as crude oil prices rose past US$59 a barrel.

Analysts said expectation of Petroliam Nasional Bhd (Petronas) awarding maintenance, construction and modification (MCM) contracts to O&G support service providers also supported O&G-related shares.

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