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Tenaga cue for FBM KLCI as oil trades above US$50

Mimi Sabreena 8:12:00 AM Informasi

KUALA LUMPUR (July 28): Malaysian shares may take the cue from FBM KLCI-linked Tenaga Nasional Bhd after the state-controlled utility said third quarter net profit fell 15% from a year earlier.

Higher crude oil prices at above US$50 a barrel could also dictate the stock market. The KLCI may take the cue from Tenaga's share price movement today due to Tenaga's KLCI weightage while crude oil gains could direct the spotlight on oil and gas-related companies.

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