Tenaga’s losses push KLCI into the red at close – Business News

KUALA LUMPUR: Tenaga Nasional’s losses pushed the FBM KLCI into the red at the end of trade on Friday following negative news about the power giant.

At 5pm, the FBM KLCI was down 4.95 points or 0.29% to 1,682.53. Turnover was 2.58 billion shares valued at RM1.82il. There were 350 gainers, 480 losers and 413 counters unchanged.

Tenaga fell 54 sen to RM13.60 but trading volume was just 9.37 million shares while its call warants C61 tumbled 11.5 sen to 8.5 sen.

Its share price was impacted by negative news about its 70% owned power plant and a report about the government studying a proposal to liberalise the retail energy sector.

Telcos also fell, with Axiata down six sento RM5.20 and wiping out nearly one point, Maxis and Digi shed one sen each to RM5.69 and RM5.07.

Among the banks, CIMB rose seven sen to RM5.37 and added 1.18 points, HL Bank and Public Bank were unchanged at RM19.02 and RM23, RHB Bank and Maybank shed one sen each to RM5.76 and RM8.97 while AmBank was six sen down to RM4.35.

As for oil and gas stocks, Petronas Gas advanced 18 sen to RM17.64, Petronas Chemical one sen higher at RM8.63 and Dialog two sen higher at RM3.35 but Petronas Dagangan lost 10 se to RM25.60.

Consumer stocks were mixed with Dutch Lady down 40 sen to RM63.60 with 100 shares done, Carlsberg lost 20 sen to RM25.30 and BAT 10 sen lower at RM29.08. 

F&N rose 26 sen to RM34.96, Power Root 14 sen to RM1.76 while Heineken gained 12 sen to RM2.60. 

Poultry company Leong Hup International fell four sen to 95.5 sen, the lowest since its listing. Its offer price was RM1.10.

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