KUALA LUMPUR: Oil and gas stocks were among the most active traders on the Bursa Malaysia exchange at the start of trading on Wednesday amid higher prices for Brent crude.
Reuters reported that oil prices rose nearly 2% on Tuesday after other US states eased restrictions and the European Union sought to attract travelers, although the rise in Covid-19 cases in India limited the rise.
Brent crude oil futures are trading at $ 68.88 a barrel, up $ 1.32, or 1.95%.
West Texas WTI crude oil futures rose $ 1.20, or 1.86%, to $ 65.69.
The Bursa Malaysia Energy Index rose 1.52%, or 13.62 points, to 911.32.
KNM is the second most active counter in Bursa. It added 2.7%, or 0.5 hay, to hay 19, with 59.16 million shares sold.
Velesto fell 3.13% to 15.5 September, while Sapura Energy unchanged on 14 Sept.
Bumi Armada added 2.41%, or one sept, to 42.5 sept, Hibiscus added 3.1%, or 2 sept, to 66.5 sept, and Uzma climbed 3.6%, or 2.5 sept, to 72 Sep