Blue-Chip Stocks Show Mixed Performance; Petronas Gas and Tenaga Decline

March 13, 2026

Company News

The Edge Markets

Major Malaysian blue-chip stocks displayed mixed performance today. Petronas Gas Bhd (PetGas) and Tenaga Nasional Bhd (TNB) saw declines due to profit-taking, while banking giants Maybank and Public Bank recorded modest gains, contributing positively to the overall index. Investors are rebalancing portfolios amidst sector rotation.

Major Malaysian blue-chip stocks exhibited mixed performance today. Energy giants Petronas Gas Bhd (PetGas) fell 1.2% to close at RM17.80, while Tenaga Nasional Bhd (TNB) also declined by 0.8% to RM11.20, primarily due to profit-taking activities. In contrast, the financial sector showed strength, with Malayan Banking Bhd (Maybank) rising 0.5% to RM9.85 and Public Bank Bhd gaining 0.3% to RM4.25. Investors appeared to be rotating funds between sectors, moving from recently strong utility stocks to financial counters which might offer more attractive valuations. Analysts anticipate this sector rotation trend could continue leading up to the upcoming corporate earnings season.

View Source: The Edge Markets

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