KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia ended higher on Friday as investors continued to accumulate blue-chip stocks in line with stronger performances across most regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.50 points to 1,724.90 from yesterday’s close of 1,720.40. The benchmark index opened 0.83 of a point higher at 1,721.23, and moved between 1,715.67 and 1,730.12 throughout the day. The broader market was positive with gainers outpacing losers 707 to 402, while 547 counters were unchanged, 1,085 untraded and 56 suspended. Turnover expanded to 3.03 billion units valued at RM3.56 billion from 2.49 billion units valued at RM2.25 billion on Thursday.
Prolonged Middle East tensions and volatile oil markets could turn into a tailwind for Gas Malaysia , according to UOB Kay Hian. The research house says sustained higher natural gas prices would directly lift the company’s profitability — making it one of the clearer beneficiaries of the current energy shock. Key Takeaways Gas Malaysia derives about 40% of net profit from gas sales Every 1% change in gas prices can swing net profit by 4% LNG prices in Asia have surged 46% in the past week Earnings upside if elevated oil prices persist beyond six months Tenaga Nasional impact seen as marginal Why Gas Malaysia Stands to Gain Gas Malaysia Bhd supplies natural gas to over 1,000 industrial customers, with about 40% of its net profit tied directly to gas sales. According to UOB Kay Hian: Every 1% change in natural gas prices can shift net profit by 4% If elevated oil prices persist beyond six months, earnings could improve meaningfully Asian LNG prices have surged 46% in just one ...