Maybank and CIMB shares rose 1.2% and 0.9% respectively on Friday, driven by market expectations of robust regional economic recovery boosting loan growth and asset quality. Analysts maintain a positive outlook on the banking sector.
Malaysia's banking giants, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, closed strongly on Friday, with Maybank rising 1.2% to RM9.85 and CIMB gaining 0.9% to RM6.72. This rally was largely fueled by optimism surrounding the sustained economic recovery across the Southeast Asian region, which is expected to drive loan growth and improve asset quality for banks. Analysts highlighted that increasing regional trade and investment activities are poised to boost banks' Net Interest Margins (NIMs) and Non-Interest Income (NII). Furthermore, both banks' ongoing investments in digital banking initiatives are providing long-term growth support. Despite global economic uncertainties, the local banking sector is viewed as resilient.
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