KUALA LUMPUR, April 24 (Reuters) - Malaysian stocks are 
likely to extend gains on Thursday, buoyed by record high crude 
oil prices and gains on Wall Street. 
 Dealers said oil-and-gas services companies such as Dialog 
Group <DIAL.KL>, KNM <KNMP.KL> and Kencana Petroleum Bhd 
<KENP.KL> could rise on the back of crude oil, which is hovering 
around record highs. 
    "The Dow went up and that should be positive for the market," 
said one dealer with a domestic brokerage. "Oil-and-gas companies 
and plantation stocks will be in the spotlight as crude oil is 
again close to record and palm oil firmed up yesterday." 
    Crude oil rose on Wednesday after U.S. government data showed 
a bigger-than-expected decline in gasoline stocks ahead of the 
summer driving season, offsetting a build in crude inventories. 
    U.S. crude <CLc1> for June delivery settled 23 cents higher 
at $118.30 a barrel. Supply concerns sent the May contract to a 
record high $119.90 before it expired on Tuesday. [ID:nL23788984] 
    Top palm planters such as Sime Darby <SIME.KL>, IOI Corp 
<IOIB.KL> and Kuala Lumpur Kepong <KLKK.KL> could also be in 
focus after palm oil futures jumped 3.5 percent on Wednesday. 
    The benchmark July contract <KPOc3> rose as much as 120 
ringgit to 3,560 ringgit per tonne before settling up 110 ringgit 
at 3,550 ringgit. [ID:nSP158523] 
    On Wednesday, the benchmark Kuala Lumpur Composite Index 
<.KLSE> rose 0.7 percent to 1,288.16 points led by gains in 
Malaysia Mining <MMCB.KL>, which climbed 4.4 percent. 
 The April futures index <KLIJ8> put the index at 1,299.5 
points. The May futures <KLIK8> stood at 1,295.5. 
    U.S. stocks rose on Wednesday as a range of technology 
companies posted results that showed the sector's resiliency in 
the face of an economic slowdown. 
    The Nasdaq gained 1 percent after Broadcom Corp <BRCM.O>, a 
top chipmaker for cell phones, beat its quarterly revenue target. 
    The Dow Jones industrial average <.DJI> rose 0.34 percent to 
12,763.22 points, the Standard & Poor's 500 Index <.SPX> 0.29 
percent to 1,379.93 and the Nasdaq Composite Index <.IXIC> 1.19 
percent to 2,405.21. 
 (Reporting by Naveen Thukral, editing by Mark Bendeich) 
 (([email protected]; +603-2333-8034; Reuters messaging: 
[email protected]; [email protected])) 
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