Malayan Banking Bhd (Maybank) shares climbed 1.2% to RM9.25, providing significant support to the KLCI. The market anticipates the bank will benefit from robust Southeast Asian economic growth and stable net interest margins.
Malayan Banking Bhd (Maybank, 1155) showed strong performance today, gaining 11 sen or 1.2% to close at RM9.25, with over 15 million shares traded. Positive market sentiment was driven primarily by optimistic regional banking earnings forecasts. Analysts anticipate that Maybank will benefit from accelerating loan growth across Southeast Asian economies, particularly Indonesia and Singapore, alongside stable non-interest income and asset quality. For its upcoming financial results, the bank's Net Interest Margin (NIM) is projected to remain stable around 2.1%. Maybank's robust performance acted as a significant counterweight to weakness in other blue-chip stocks, making it the largest contributor to the KLCI today.
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