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Tenaga gains on report of power price hike

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Tenaga gains on report of power price hike Empty Tenaga gains on report of power price hike

Post by hlk Fri 27 May 2011, 19:16

Tenaga Nasional Bhd, Malaysia’s state-controlled power utility, rose the most in nine months in Kuala Lumpur trading after the Star reported that the government has asked industries to be prepared for a possible increase in power prices.

The stock climbed 4.4 per cent to RM6.58 at 4:55 p.m. local time, set for its steepest gain since June 18. -- Bloomberg

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