Blue-chip stocks showed mixed performance today, with Maybank leading gains, rising 1.5% to RM9.35, boosted by positive earnings expectations. Conversely, Petronas Gas retreated 0.8% to RM17.80 as investors engaged in profit-taking. Other key heavyweights like CIMB and Tenaga Nasional traded within a narrow range. The banking sector generally outperformed, while utility stocks saw some consolidation after recent rallies.
Blue-chip stocks on Bursa Malaysia displayed a mixed performance today. Malayan Banking Bhd (Maybank) saw its share price climb 1.5% to RM9.35, emerging as one of the top gainers among heavyweights, driven by widespread market expectations of robust fourth-quarter earnings. Conversely, Petronas Gas Bhd (Petronas Gas) experienced a 0.8% decline, settling at RM17.80, as some investors opted for profit-taking following its recent upward trend. CIMB Group Holdings Bhd (CIMB) edged up 0.5% to RM6.58, while Tenaga Nasional Bhd (Tenaga Nasional) remained flat at RM10.30. Analysts highlighted that banking stocks continue to appeal amidst stable interest rate expectations, whereas energy stocks are more susceptible to fluctuations in international oil prices.
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