Malaysian blue-chip stocks showed mixed performance today. Tenaga Nasional Bhd (TNB) rose 1.2% to RM11.80, driven by expectations of increased electricity demand. In contrast, Public Bank Bhd remained flat at RM4.20, reflecting varied market sentiment towards different sector outlooks. Investors are selectively positioning themselves based on individual company fundamentals and sector-specific catalysts, contributing to the divergent movements among the major counters.
Major Malaysian blue-chip stocks displayed a mixed performance today. Tenaga Nasional Bhd (TNB) saw its share price rise by 1.2% to RM11.80, with analysts attributing the gain to expectations of increased electricity demand driven by the recovery in domestic economic activities. Concurrently, Malaysia Airports Holdings Bhd (MAHB) also recorded a 0.8% increase, closing at RM8.55, supported by optimism surrounding the revival of the tourism sector. However, Public Bank Bhd's share price remained flat at RM4.20, as the market adopted a wait-and-see approach regarding its future growth potential despite its robust earnings performance. Investors are selectively positioning themselves based on individual company fundamentals and sector outlooks, leading to divergent movements among the leading blue-chip counters.
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