Oil and gas-related stocks up in active trade as crude oil prices advance

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KUALA LUMPUR (Apr 19): Oil and gas-related stocks were advanced in active trade this morning as crude oil prices rose.

Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, according to Reuters.

Among the actives on Bursa Malaysia at 9.30am were Sapura Energy Bhd which rose 1.37% or 1 sen to 74 sen, Sumatec Resources Bhd up 7.69% or 0.5 sen to 7 sen, Perisai Petroleum Teknologi Bhd up 22.22% or 1 sen to 5.5 sen, Hibiscus Petroleum  Bhd up 2.84% or 2.5 sen to 90.5 sen adn UMW Oil & Gas Corp Bhd up 1.70% or 0.5 sen to 30 sen.