Malaysian Shares End Week in Green; Tenaga Nasional Rises 4%

MT Newswires Live

2024-12-27

Malaysian stocks continued their upward momentum on Friday, capping off the trading week higher.

The benchmark FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 14.44 points to end 0.89% higher at 1,628.14. The day range was between 1,616.69 and 1,632.63.

In local news, Malaysia is set to hike its base electricity tariff by 14%, effective July 2025. The decision pushed shares of utility firm Tenaga Nasional (KLSE:TNB) to close 4% higher.

Meanwhile, shares of MYMBN (KLSE:MBN) slumped 8% after the company said it faces a temporary suspension of bird nest exports to China due to the Newcastle disease virus in Malaysia.

In corporate news, Lebtech (KLSE:LEBTECH) unit Lebtech Construction bagged a deal worth 10.8 million ringgit from Affizal Resources (M) to collaborate on water works in Selangor, Malaysia.

Meanwhile, Southern Cable Group (KLSE:SCGBHD) secured a deal worth 172.6 million ringgit for the supply and delivery of cables and conductors in East Malaysia.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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