On February 5, key Malaysian blue-chip stocks showed mixed performance. Tenaga Nasional Bhd (TNB) rose 0.7% to RM11.35, driven by stable energy demand, while Public Bank Bhd slipped 0.3% to RM4.20 amidst profit-taking. Investors remain selective, focusing on sector-specific outlooks and upcoming dividend announcements.
Key Malaysian blue-chip stocks exhibited mixed performance today. Tenaga Nasional Bhd (TNB) saw its share price rise by 0.7% to close at RM11.35, buoyed by stable electricity demand and progress in its renewable energy projects. Conversely, Public Bank Bhd slipped marginally by 0.3% to RM4.20, partly due to profit-taking after its recent gains. Other banking giants like Maybank and CIMB showed steady performance, rising 0.5% and 0.8% respectively. Analysts noted that investors are selectively cautious about the outlook for various sectors in the current market environment, favoring defensive stocks and blue-chips with stable earnings capabilities.
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