Maybank and CIMB Group saw their share prices rise by 1.5% and 1.2% respectively this week, driven by optimistic market expectations for banking sector earnings growth. Analysts anticipate healthy net interest margins to be maintained, supporting the sector's positive trajectory despite global economic headwinds.
Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd were among the strongest blue-chip performers on Bursa Malaysia this week, with their share prices climbing 1.5% to RM9.25 and 1.2% to RM6.40 respectively. This surge was primarily fueled by optimistic sentiment surrounding their upcoming fourth-quarter earnings reports, with analysts widely expecting both banks to announce robust profit growth. Despite intense market competition, the banking sector as a whole has demonstrated resilience, driven by steady loan growth and effective net interest margin (NIM) management. Furthermore, investor confidence in the broader Southeast Asian economic recovery has also provided significant support for these major banking stocks. As the earnings season progresses in the coming weeks, banking shares are anticipated to remain a key focus for investors.
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