Blue-chip stocks showed mixed performance today. Malayan Banking (Maybank) rose 1.2% on positive market sentiment, while Tenaga Nasional Bhd (TNB) dipped 0.8% due to regulatory concerns. Investors are exercising caution and focusing on individual company fundamentals amidst broader market trends.
Major blue-chip stocks displayed a mixed performance today, reflecting diverse investor assessments of sector outlooks. Malayan Banking (Maybank, stock code: 1155) saw a 1.2% increase, closing at RM9.35, buoyed by optimistic sentiment surrounding banking sector earnings prospects and its consistent dividend payout record. In contrast, Tenaga Nasional Bhd (TNB, stock code: 5347) experienced a 0.8% decline, settling at RM10.30. Analysts suggest TNB's dip might be linked to market concerns regarding future electricity tariff policies and the costs associated with its renewable energy transition. Other prominent blue chips like CIMB gained 0.7%, while Public Bank remained flat. Investors are carefully weighing macroeconomic factors against individual company fundamentals to adjust their portfolios.
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