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Oil&gas stocks up on Goldman upgrade

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Oil&gas stocks up on Goldman upgrade Empty Oil&gas stocks up on Goldman upgrade

Post by hlk Tue 07 Jun 2011, 17:44

KNM Group Bhd and Ramumia Holdings Bhd led Malaysian oil and gas services stocks higher in Kuala Lumpur trading after Goldman Sachs upgraded the Southeast Asian nation to “overweight” on expectations it will benefit from higher crude prices.

KNM climbed 3.1 per cent to RM1.98 at 11:54 a.m. local time, set for its highest close since April 1.

Ramunia gained 2.2 per cent to 47 sen, while Dialog Group Bhd rose 1.1 per cent to RM2.79. -- Bloomberg


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