Maybank and CIMB shares rose 1.2% and 0.9% respectively on Friday, becoming key pillars supporting the KLCI. Investors remain optimistic about the banking sector's outlook.
In Friday's trading, Malaysia's two banking giants, Maybank and CIMB, performed strongly, providing significant support to the FBM KLCI's blue-chip segment. Maybank's share price rose 1.2% to close at RM9.15, while CIMB advanced 0.9% to RM6.40. Market analysts noted that despite cautious overall market sentiment, expectations of a domestic economic recovery and robust earnings prospects for the banking sector have led investors to refocus on these reasonably valued financial stocks. The strong performance of these two banks partially offset declines in other heavyweights like Tenaga Nasional, which fell 0.5%.
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