Major Malaysian blue-chip stocks showed mixed performance on Monday. Maybank and CIMB saw gains driven by strong earnings expectations, while Tenaga Nasional faced pressure amid ongoing concerns over rising fuel costs and regulatory uncertainties, impacting its share price.
Major Malaysian blue-chip stocks exhibited varied performance today. Maybank's share price rose 0.5% to RM9.85, and CIMB gained 0.8% to RM6.70, benefiting from market optimism regarding robust earnings growth in the banking sector. Conversely, Tenaga Nasional Berhad's share price declined 0.3% to RM11.20, primarily due to investor concerns that rising fuel costs for coal and natural gas could erode its profit margins, alongside uncertainties surrounding future electricity tariff adjustment policies. Analysts suggest that despite cautious overall market sentiment, the financial sector remains a highlight, while the utility sector requires close monitoring of cost control and regulatory developments.
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