Tenaga Nasional Rises 1.5% on Upgraded Power Demand Forecasts

January 27, 2026

Company News

The Edge Markets

Tenaga Nasional Bhd (TNB) shares climbed 1.5% to RM10.50 after analysts upgraded 2026 power demand forecasts, citing increased economic activity and industrial expansion.

Tenaga Nasional Bhd (TNB) showed strong performance today, closing at RM10.50, a 1.5% increase. This surge followed reports from several local investment banks upgrading their growth forecasts for Malaysian electricity demand, projecting a 4.5% growth rate for 2026, up from the previous 3.8%. Analysts believe that government-driven digital infrastructure projects and the continued expansion of the semiconductor industry will serve as stable profit drivers for TNB. Furthermore, TNB's ongoing cost optimization measures have boosted investor confidence. TNB was one of the top-performing blue chips within the KLCI component stocks today.

View Source: The Edge Markets

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