The financial sector performed exceptionally well today, with Maybank rising 1.2% to RM9.35 and CIMB gaining 1.5% to RM6.45, leading the broader market. Investors are optimistic about the earnings prospects and dividend payouts of banking stocks.
Today saw robust performance from major blue-chip stocks, particularly within the financial sector. Malayan Banking Bhd (Maybank) shares climbed 1.2% to close at RM9.35, while CIMB Group Holdings Bhd also recorded a 1.5% gain, settling at RM6.45. The upward movement of these two banking giants significantly contributed to the FBM KLCI's positive trajectory. Analysts noted that the market remains optimistic about the banking sector's solid earning capabilities and potential dividend growth, especially amidst economic recovery and a stabilizing interest rate environment. Additionally, Tenaga Nasional Bhd saw a modest rise of 0.5% to RM10.20, showcasing the resilience of utility stocks. Investors continue to monitor these blue-chip counters for long-term value.
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