Maybank and CIMB showed strong performance on Friday, rising 0.5% and 0.7% respectively. Analysts remain optimistic about banking stocks, anticipating stable net interest margins and robust loan growth. The sector's resilience against economic headwinds continues to attract investor interest, making it a key defensive play.
Malaysia's banking giants, Maybank and CIMB, performed strongly in Friday's trading, closing at RM9.85 and RM6.70 respectively. This positive momentum reflects investor confidence in the local banking sector. Analysts generally believe that despite challenging economic conditions, banks' Net Interest Margins (NIMs) are expected to remain stable, coupled with a positive outlook for loan growth. As the economy gradually recovers, the asset quality of banks is also anticipated to remain healthy. Other banking stocks like Public Bank also saw a slight increase of 0.2%, reinforcing the sector's overall positive sentiment.
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