Blue Chips Mixed: Maybank Leads Gains, Petronas Gas Under Pressure

February 5, 2026
Company News
The Edge Markets

Blue-chip stocks on Bursa Malaysia showed mixed performance today, February 5. Maybank led gains, rising 0.8% on positive banking sector sentiment, while Petronas Gas fell 1.2% due to volatile natural gas prices. Investors are showing divergent outlooks for various sectors.

On February 5, 2026, major Malaysian blue-chip stocks exhibited varied performance. Maybank showed strong momentum, with its share price rising 0.8% to RM9.35, buoyed by market expectations of robust banking sector earnings. CIMB also recorded a 0.6% gain, closing at RM6.78. However, energy giant Petronas Gas faced pressure, with its stock falling 1.2% to RM17.80, primarily influenced by volatile international natural gas prices and increased regional competition. Tenaga Nasional remained relatively stable, inching down 0.1% to RM11.50. Analysts noted that in the current uncertain market, investors are leaning towards companies with stable dividends and strong fundamentals, though energy-related stocks remain susceptible to commodity price fluctuations.
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