Key Malaysian blue-chip stocks showed mixed performance on Friday. Malayan Banking Bhd (Maybank) led gains, rising 1.2% to RM9.55, while Tenaga Nasional Bhd (TNB) slipped 0.8% to RM11.90. CIMB Group Holdings Bhd also recorded a 0.9% increase, reflecting varied investor sentiment across different sectors within the main board.
Malaysian blue-chip stocks exhibited a mixed trend in Friday's trading. Maybank, one of the market leaders, saw its share price rise by 1.2% to RM9.55, buoyed by strong Q4 earnings expectations. CIMB also performed well, gaining 0.9% to RM6.70. However, utility giant Tenaga Nasional saw its shares decline by 0.8% to RM11.90, partly due to investor concerns over rising fuel costs. Petronas Chemicals slipped 0.5% to RM7.85 amidst fluctuating oil prices. Overall, the financial sector outperformed utilities and energy, reflecting a re-evaluation of specific sector outlooks by the market.
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