Malayan Banking Bhd (Maybank) shares closed 0.8% lower at RM9.50 on Monday, pressured by a general weakness in the regional banking sector and some profit-taking activities. Despite its strong fundamentals and resilient earnings outlook, the banking giant faced headwinds from broader market sentiment. Analysts noted that while long-term prospects remain positive, short-term volatility is expected.
KUALA LUMPUR: Malayan Banking Bhd (Maybank), Malaysia's largest bank by market capitalization, saw its share price decline by 8 sen to close at RM9.50 on Monday. The dip was primarily attributed to widespread weakness in regional banking stocks and profit-taking activities by investors following recent gains. Despite optimistic earnings forecasts for FY2025 and analysts' confidence in its asset quality and dividend payout capabilities, global economic uncertainties are expected to exert short-term pressure on its share price. CIMB and Public Bank also recorded slight declines, reflecting the general sentiment across the banking sector.
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