Key blue-chip stocks showed mixed performance today. Maybank rose 1.2% to RM9.25, while Tenaga Nasional Bhd (TNB) saw a dip of 0.8% to RM11.50. Investors are actively evaluating upcoming corporate earnings reports and sector-specific outlooks, leading to selective buying and selling across the index heavyweights.
Major Malaysian blue-chip stocks displayed a mixed performance today, reflecting varied investor sentiment towards different sector outlooks. Malayan Banking Bhd (Maybank) showed robust gains, with its share price rising 1.2% to RM9.25, benefiting from market expectations of improved profitability for banks in a rising interest rate environment. Conversely, utility giant Tenaga Nasional Bhd (TNB) saw its shares dip by 0.8% to RM11.50, possibly influenced by fluctuating fuel costs and regulatory uncertainties. CIMB Group Holdings Bhd also recorded a 0.5% gain, while Nestle (Malaysia) Bhd saw a marginal decline of 0.3%. Analysts anticipate this selective trading pattern to continue ahead of more corporate earnings releases next week.
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