Major Malaysian blue-chip stocks displayed mixed performance today. Maybank rose 1.2% to RM9.35, while Petronas Gas surged 2.5% to RM17.80, driven by positive sector outlook. However, Sime Darby and Tenaga Nasional saw slight declines, reflecting selective investor interest and sector-specific concerns, contributing to overall market volatility.
Today, major Malaysian blue-chip stocks exhibited a mixed performance. Financial giant Maybank showed strong momentum, with its share price rising 1.2% to RM9.35, benefiting from optimistic market expectations regarding banking sector earnings. Concurrently, Petronas Gas Bhd also recorded a significant gain, jumping 2.5% to RM17.80, primarily driven by its stable cash flow and continued expectations of growing natural gas demand. However, other blue-chip counters such as Sime Darby Bhd saw a slight decline of 0.3% to RM2.30, while Tenaga Nasional Bhd also edged down 0.2% to RM10.50, reflecting capital rotation among different sectors by investors. Analysts suggest that this divergent trend indicates an increasing focus by the market on specific industry and company fundamentals.
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