PETALING JAYA: Amidst a return of foreign funds to emerging markets, shares of Tenaga Nasional Bhd (TNB) rallied, helped by a Deutsche Bank report that upgraded its recommendation on the national utility firm to “buy” from “hold”.
The counter, which has been gaining strength since last Friday, closed at a 10-month high of RM14 yesterday, after rising 52 sen, or 3.86%, with 34.1 million shares being traded. It was the second-highest gainer of the day.
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