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Bursa remains in negative zone at midday

Bursa Malaysia was lower at the lunch break as investors likely remained in a cautious mode following a mild pullback on Wall Street overnight. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 5.15 points to 1,427.48 from Tuesday’s close of 1,432.63. ....

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Velesto wins RM570mil contracts from PETRONAS Carigali

PETALING JAYA: Velesto Energy Bhd has received three notices of assignments relating to the provision of jack-up drilling rigs for PETRONAS Carigali Sdn Bhd totalling US$128mil (RM570mil). ....

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Velesto bags US$128m jack-up rig job from Petronas Carigali

KUALA LUMPUR (May 9): Velesto Energy Bhd’s unit has secured three jack-up drilling rigs contract for Petronas Carigali Sdn Bhd (PCSB) valued at US$128 million (RM569.48 million). The three jack-up rigs Naga 3, Naga 4, and Naga 6 have a drilling depth capability of 30,000 feet and a rated operating water depth of 350 feet to 400 feet, according to the company's Bursa Malaysia filing on Tuesday (May 9). ....

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Bursa snaps three-day winning streak to end slightly lower

Bursa Malaysia snapped a three-day winning streak to end marginally lower on Wednesday (April 12), dragged by profit-taking, said a dealer. ....

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Bursa opens higher, tracking gains on Wall Street

Bursa Malaysia opened higher on Monday (April 3), tracking further gains on the Wall Street amid improving market sentiment. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 6.49 points to 1,429.08 from last Friday's closing of 1,422.59. ....

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