Oil and gas (O&G) counters were actively traded in this morning's trading session after oil prices soared following Saudi Arabia and its allies the Organization of the Petroleum Exporting Countries (OPEC+) extending oil production cuts.
Shares of TH Heavy Engineering Bhd were most actively traded this morning, jumping 2 sen or 16.67% to 14 sen. The counter saw 136.06 million of its shares change hands.
Shares in Sapura Energy Bhd, Velesto Energy Bhd, Bumi Armada Bhd, Alam Maritim Resources Bhd and KNM Group Bhd were also actively traded today.
At 10 a.m., Sapura Energy rose 0.5 sen or 3.45% to 15 sen; Velesto traded unchanged at 16.5 cents; Bumi Armada jumped 1.5 sen or 3.53% to 44 sen; Alam Maritim added 0.5 sen or 5.88% to 9 sen and KNM also increased 0.5 sen or 2.56% to 20 sen.
Meanwhile, Petron Malaysia Refining & Marketing Bhd, which is among the 10 most profitable counters today, jumped 11 sen or 2.36% to RM4.78.
At the time of writing, Brent oil prices were up 0.27% at $ 66.92 per barrel.
