
KUALA LUMPUR (Nov 5): Shares of Capital A Bhd (KL:CAPITALA) and AirAsia Group Bhd (KL:AAGB) rose in early trade on Thursday, amid easing crude oil prices.
At the time of writing, Brent crude eased to around US$95 per barrel. Jet fuel, which is typically priced at about a US$71 premium to crude, fell 2.6% from a week ago, according to Platts.
AirAsia Group shares climbed eight sen or 17.58% to 53.5 sen in the first 30 minutes of trading, after opening at 49.5 sen. A total of 18.09 million shares changed hands.
Meanwhile, Capital A gained three sen or 13.04% to 26 sen as at 9.25am, after opening at 24.5 sen, with 16.08 million shares traded.
Both were the most actively traded stocks in the early session.
More to come