Maybank and CIMB Group Berhad shares rose 1.2% and 1.5% respectively today, leading gains in the banking sector. The positive movement was fueled by strong market expectations for robust earnings growth in their upcoming financial results, driven by improving loan demand and stable asset quality.
Malaysia's two largest banking giants, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, displayed strong share price performances today, rising 1.2% to RM9.35 and 1.5% to RM6.70 respectively. Their gains propelled the entire banking sector, reflecting high investor anticipation for the upcoming fourth-quarter earnings reports. Analysts noted that with gradual economic recovery, increased loan demand, and stable asset quality, banks are expected to record robust profit growth. Furthermore, market optimism regarding the dividend yields of banking stocks has further supported their share prices. Other banking counters like Public Bank also saw a modest rise of 0.8%.
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