Maybank and CIMB performed strongly today, rising 0.5% and 0.8% respectively. Analysts maintain 'buy' ratings on both banks, expecting their earnings to benefit from economic recovery and higher net interest margins. Other blue-chip stocks showed mixed performance, reflecting a cautious market sentiment despite the positive outlook for financial institutions.
On March 5, 2026, Malaysian blue-chip stocks showed mixed performance, but financial giants Maybank and CIMB stood out. Maybank's share price rose 0.5% to RM9.55, while CIMB gained 0.8% to RM6.80. Analysts generally believe that with Malaysia's ongoing economic recovery and a potential interest rate hike cycle, banks' net interest margins are expected to expand, boosting profitability. UOB Kay Hian reiterated its 'buy' rating on Maybank with a target price of RM10.50. However, other blue-chips like Tenaga Nasional dipped 0.2% to RM11.20, and Petronas Gas remained flat at RM17.80, indicating varied market confidence across different sectors.
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