Maybank's share price rose 1.2% today, breaking past the RM9.50 mark to close at RM9.58. The surge was driven by strong market expectations for its upcoming fourth-quarter earnings, buoyed by improved net interest margins and robust loan growth.
Malayan Banking Bhd (Maybank) was a standout performer today, with its share price climbing 12 sen or 1.2% to close at RM9.58, marking a new recent high. Active trading volume underscored investor confidence in its prospects. Analysts widely anticipate that Maybank's upcoming fourth-quarter results for FY2025 will surpass expectations, primarily driven by healthy loan portfolio growth across Malaysia and regional markets, coupled with sustained improvements in net interest margins (NIM). Furthermore, stable asset quality continues to provide a solid foundation for the bank's profitability. The market expects Maybank to maintain its attractive dividend policy, supported by strong earnings, which further appeals to long-term investors. CIMB Group also saw a gain of 0.8% to RM6.70, reflecting overall optimism in the banking sector.
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