Blue Chips Mixed: Maybank Leads Decline, Petronas Chemicals Rises

February 5, 2026
Company News
Star Biz

On February 5, major Malaysian blue-chip stocks showed mixed performance. Maybank dropped 1.2%, with CIMB also slightly lower. However, Petronas Chemicals defied the trend, rising 0.8% on stable oil prices and demand expectations. Tenaga Nasional also saw minor gains.

On February 5, 2026, major Malaysian blue-chip stocks displayed a mixed performance. Financial counters generally faced pressure, with Maybank dropping 11 sen to RM9.35, a 1.2% decline, and CIMB Group also slipping 5 sen to RM6.20. This reflects market concerns over a potential slowdown in banking sector earnings growth. However, the energy and utilities sectors showed resilience. Petronas Chemicals Group Bhd defied the trend, rising 6 sen to RM7.10, up 0.8%, supported by stabilizing international oil prices and optimistic outlooks for its product demand. Tenaga Nasional Bhd also saw a minor gain of 4 sen to RM10.50. Investors are currently re-evaluating the growth potential across various industries.
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