Maybank's share price rose 1.8% this week, while CIMB gained 2.1%, benefiting from robust net interest margins (NIMs) and strong loan growth. Analysts are optimistic about the banking sector's prospects, citing improved asset quality and economic recovery. These blue-chip banks continue to attract investor interest as a safe haven.
Malaysia's two banking giants, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, saw impressive share price performances this week, rising 1.8% and 2.1% respectively. This surge was primarily driven by the banks' recently reported strong net interest margins (NIMs) and robust loan growth. Market analysts generally agree that the improving asset quality, against the backdrop of Malaysia's ongoing economic recovery, has further bolstered their profitability. Maybank closed at RM9.85 per share, while CIMB reached RM6.90 per share. Investor confidence in these blue-chip banking stocks remains strong, viewing them as a relatively safe haven amidst current market uncertainties. Stable earnings are anticipated for the coming quarters.
Share: