TNB shares rally as power demand rises

The company anticipates strong electricity demand to be sustained over the second-half of 2024, as well as over FY25 and FY26.

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) share price hit a fresh high yesterday after the utility giant recently reported its strongest quarterly net profit in more than five years.

With the market turning more bullish on TNB amid increased power demand from industries and households, the stock closed higher by 34 sen or 2.34% at RM14.90 per share, making it the third biggest gainer yesterday.