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Tenaga cue for Malaysian stock market

Mimi Sabreena 4:03:00 PM Informasi

KUALA LUMPUR (Jan 29): The Malaysian stock market may today take its cue from FBM KLCI-linked Tenaga Nasional Bhd after the state-controlled utility reported higher net profit at RM2.15 billion for the three months ended November 30, 2017 from a year earlier.

Tenaga's share price movement may be closely watched due to the company's weightage in the 30-stock KLCI. On Friday, Tenaga said net profit rose to RM2.15 billion in the three months ended November 30, 2017 from RM1.74 billion. Revenue was higher at RM11.61 billion versus RM11.24 billion.

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