Major Malaysian blue-chip stocks showed mixed performance on Friday. Maybank led the gains, rising 0.8% to RM9.25, while Tenaga Nasional Bhd (TNB) saw a slight dip of 0.2% to RM10.30. Investors are adopting a cautious stance ahead of upcoming corporate earnings announcements, leading to selective trading. CIMB Group Holdings Bhd also performed well, adding 1.2% to RM6.40, reflecting positive sentiment in the banking sector. Petronas Chemicals Group Bhd remained flat at RM6.85 amidst fluctuating commodity prices.
Major Malaysian blue-chip stocks exhibited a mixed trend in Friday's trading session. Financial giant Maybank showed strong performance, with its share price rising 0.8% to RM9.25, reflecting investor confidence in the banking sector's robust earnings. CIMB also recorded a 1.2% gain, closing at RM6.40. However, utility giant Tenaga Nasional Bhd (TNB) experienced a slight dip of 0.2% to RM10.30, possibly linked to recent fluctuations in fuel costs. Other blue-chips like Nestlé remained stable, while Top Glove saw a 0.5% decline amidst uncertain prospects for glove demand. Investors generally adopted a wait-and-see approach, awaiting further corporate earnings reports and economic data for clearer market direction.
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