TNB loses RM6bil in value over six days

On the back of poor sentiment affecting the stock market, TNB

PETALING JAYA: The mere speculation of purchasing the power assets under 1Malaysia Development Bhd (1MDB) had caused Tenaga Nasional Bhd (TNB) to lose some RM6bil in value over the last six trading days.

On the back of poor sentiment affecting the stock market, TNB’s shares had lost RM1.06 since May 18, largely due to the dominant electricity provider being touted as one of the possible purchasers of 1MDB’s power generation assets.