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Tenaga gains on fuel-cost sharing deal
by hlk Sat 03 Dec 2011, 00:13
Tenaga Nasional Bhd rose to its highest level in more than two weeks after the government and Petroliam Nasional Bhd agreed to share extra fuel costs that have driven the Malaysian power producer into losses.
The stock gained 2.1 per cent to RM5.80 at 9:05 a.m. local time in Kuala Lumpur trading, set for its highest close since Nov. 15. -- Bloomberg
The stock gained 2.1 per cent to RM5.80 at 9:05 a.m. local time in Kuala Lumpur trading, set for its highest close since Nov. 15. -- Bloomberg
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