Malaysia's two largest blue-chip banking stocks, Maybank and CIMB, saw their shares rise on Friday, as the market remained optimistic about their upcoming earnings reports.
Malayan Banking Bhd (Maybank) shares rose 1.2% to RM9.38, while CIMB Group Holdings Bhd gained 1.5% to RM6.75. Analysts noted that banking stocks are expected to report strong fourth-quarter results, supported by expanding net interest margins and loan growth. Despite global economic uncertainties, the resilience of Malaysia's domestic economy provides a stable operating environment for the banking sector. Investors are also positive on the banks' efforts in digital transformation. Other financial stocks like Public Bank also recorded modest gains.
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