Bursa Energy Index up after crude oil prices jump 4%

KUALA LUMPUR (Jan 12): The Bursa Malaysia Energy index was up in Wednesday (Jan 12) morning trade after crude oil prices leapt by nearly 4% overnight. At 10:15am, the Bursa Malaysia Energy Index — which tracks oil and gas (O&G) counters — had added 10.38 points or 1.43% to 738.73 points. At the time of writing, five out of six of the sector’s top active counters were in positive territory, namely Sapura Energy Bhd (up 10% to 5.5 sen), SAPNRG-WA (up 16.67% to 3.5 sen), Reservoir Link Energy Bhd (up 4.55% to 57.5 sen), Bumi Armada Bhd (up 2.06% to 49.5 sen) and Hibiscus Petroleum Bhd (up 3.05% to 84.5 sen).