KUALA LUMPUR: The fall in crude oil prices weighed on Petronas-linked stocks in late Thursday morning trade, as the FBM KLCI shed nearly two points.
At 11.02am, the KLCI was down 1.90 points or 0.11% to 1,727.63. Turnover was 608.31 million shares valued at RM407.38mil. There were 258 gainers, 308 losers and 298 counters unchanged.
Oil prices held steady in early Asian trade on Thursday, with US crude trading below US$50 a barrel near its lowest in more than three months as rising US stockpiles and a strong dollar weighed on the commodity, Reuters reported.
US crude for September delivery was 11 cents higher at US$49.30 after dropping US$1.67 on Wednesday to settle below US$50 for the first time since April. Brent crude was trading two cents lower at US$56.11 a barrel, after settling down 91 cents.
Petronas Gas fell 22 sen to RM21.56, Petronas Chemicals lost 10 sen to RM6.48 and Petronas Dagangan eight sen lower at RM20.56.
Among finance and banks. HLFG fell 20 sen to RM15.56 and RHB Cap eight sen lower at RM7.46.
-The Star Online