Tenaga sees RM1.93b erased from market cap


KUALA LUMPUR: Tenaga Nasional saw RM1.93bil wiped out from its market capitalisation on Friday following its losses in the fourth quarter of FY18 and it was the main drag on the FBM KLCI.

At 5pm, the KLCI was down 6.9 points to 1,700.76, after falling below this key level earlier. Turnover was 2.91 billion shares valued at RM2.35bil. There were 486 gainers, 460 losers and 329 counters unchanged.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil prices fall on demand fears over Fed's rates path
Philippine cbank will intervene in forex market if volatile, governor says
IIB expands GBS medini partnership, aiming for net-zero CBD
Of politics, trade and friendshoring
Bank Islam's net profit rises to RM129.17mil in 1Q on higher net income
Alliance Bank bags two awards for best SME Bank in Malaysia
Stocks slide, dollar holds firm as Fed focus intensifies; crypto soars
Ringgit surges to breach RM2.99 level against yen
Manufacturing industry capacity utilisation reaches 80.8% in 1Q - DoSM
PETRONAS Dagangan projects growth in retail and commercial segments

Others Also Read