Blue-chip stocks showed mixed performance today, with Maybank rising 1.5% while Axiata Group Bhd experienced a slight dip of 0.5%. Investors are exhibiting cautious sentiment towards different sector outlooks, reflecting a selective approach to large-cap investments amidst varying corporate earnings expectations and global economic signals.
Major Malaysian blue-chip stocks displayed a mixed performance today. Maybank led the financial sector's gains, with its share price rising 1.5% to RM9.30, driven by positive market expectations ahead of its upcoming earnings report. Concurrently, CIMB Group also registered a 0.8% increase. However, telecommunications giant Axiata Group Bhd saw a slight dip of 0.5% to RM2.98, as investors expressed concerns over competitive pressures in its regional markets. Tenaga Nasional Bhd climbed 1.2% to RM10.10, while Petronas Gas Bhd remained flat at RM17.80. This divergent trend reflects investors' cautious assessment of various industry outlooks.
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