<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 24): Shares of Tenaga Nasional Bhd (TNB) rose as much as 12 sen today to hit its one-month high of RM14.24.</p></div>

<div class=newsTextDataWrapInner><p>The counter rose 0.85% right before the noon break, before paring its gains in afternoon trade. As at 3pm, shares of the energy company were 8 sen or 0.57% higher at RM14.20.</p></div>

<div class=newsTextDataWrapInner><p>Volume totalled 2.68 million shares, much lower than TNB's 200-day average volume of 10.24 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On July 17, Prime Minister Datuk Seri Najib Razak said TNB's move to expand its footprint across the Malaysian borders to Turkey, India, the UK and the Middle East was in line with the government's strategy of further increasing its value as a listed entity.</p></div>

<div class=newsTextDataWrapInner><p>"While TNB's value increases, so would the weightage of its brand value. Therefore, Khazanah Nasional Bhd, as its major shareholder, would be able to earn big returns.</p></div>

<div class=newsTextDataWrapInner><p>"TNB's strategy of becoming a regional and global player fits well with the government. We will always protect and support TNB's policies based on its goals of raising its value as a corporation, and supplying electricity to Malaysians," Najib was reported saying at TNB's Hari Raya Aidilfitri open house.</p></div>

<div class=newsTextDataWrapInner><p>Based on its latest share price, TNB has a market capitalisation of RM80.59 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (July 24): Shares of Tenaga Nasional Bhd (TNB) rose as much as 12 sen today to hit its one-month high of RM14.24.

The counter rose 0.85% right before the noon break, before paring its gains in afternoon trade. As at 3pm, shares of the energy company were 8 sen or 0.57% high...

TNB shares hit one-month high

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<p>Over the past two weeks, oil and gas (O&amp;G) players publicly traded on Bursa Malaysia have been announcing awards from Petronas and its production sharing contract partners, for maintenance, construction and modification (MCM) as well as hook-up commissioning (HUC) services.</p>


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<p>Protesters stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia on Friday and opposition politicians demanded the resignation of the self-styled president over an unpopular investment agreement with Moscow.</p>

<p>Protesters used a truck to smash through the metal gates surrounding the parliament in the capital Sukhumi.</p>


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<p>Europe has spent the past two years trying to free itself from dependence on Russian energy, but more expensive alternatives are prompting some landlocked countries to go back to their old source.</p>

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<p>The key focus at home this week is the <b>October trade and inflation data</b>, expected to be released aby the Department of Statistics Malaysia on Nov 19 and 22 respectively.</p>


<p>Sarawak is well-positioned to benefit from the global transition towards making hydrogen as a key fuel, with a legal framework in place to manage its environment while optimising the economic value of its natural resources.</p>


<p>Strong US economic and inflation data continue to reshape the debate among Federal Reserve (Fed) policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.</p>


<p>Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim insisted that Malaysia remains consistent with its stance on the issue of Israel and Palestine, emphasising that Putrajaya has never diplomatically recognised the existence of the state of Israel.</p>


<p>The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that Iran may no...

<p>The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.</p>


<p>Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.</p>
