Malaysian blue-chip stocks showed mixed performance on Friday. Maybank led gains, rising 1.2% to RM9.55, buoyed by optimistic earnings expectations. Conversely, Tenaga Nasional Berhad (TNB) faced downward pressure, declining 0.8% to RM10.30 amid ongoing regulatory uncertainties surrounding its tariff structure.
Major Malaysian blue-chip stocks displayed varied movements in Friday's trading session. Malayan Banking Bhd (Maybank) showed robust performance, with its share price rising 1.2% to RM9.55, as the market holds positive expectations for its upcoming fourth-quarter earnings report. CIMB Group also gained 0.9% to RM6.80, benefiting from the overall optimistic sentiment in the banking sector. However, Tenaga Nasional Berhad (TNB) faced pressure, with its share price declining 0.8% to RM10.30, as investors expressed concerns over its future profitability amidst regulatory uncertainties surrounding government electricity tariff policies. Other counters like Petronas Chemicals and Public Bank remained relatively stable, with marginal gains of 0.2% and 0.1% respectively. Overall, market assessment on different blue-chip stocks remains divergent.
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