National power utility Tenaga Nasional Bhd
(TNB) added 4.8%, or 39 sen, to RM8.17 on a hefty volume of 31.6 million shares, reaching its highest price since 2007. With the incumbent Barisan Nasional (BN) coalition retaining government, reforms in the power sector, ongoing since 2011, are set to continue.
And TNB, analysts concur, will be the biggest winner among domestic power players now that the firm can go ahead with its long-discussed fuel cost pass-through mechanism.
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