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Tenaga drops as hopes of tariff hike dim

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Tenaga drops as hopes of tariff hike dim Empty Tenaga drops as hopes of tariff hike dim

Post by hlk Mon 10 Oct 2011, 13:38

Tenaga Nasional Bhd fell the most in a week after ECM Libra Capital Sdn Bhd said the government’s budget to alleviate the rising cost of living will diminish any hopes for an increase in electricity rates this year.

Tenaga, Malaysia’s biggest power producer, slid 2.4 per cent to RM5.25 at 11.20 am Kuala Lumpur time, set for its biggest drop since October 3. - Bloomberg

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