Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd saw their share prices climb by 1.2% and 0.9% respectively. This surge was driven by analysts' optimistic expectations for robust earnings growth in the banking sector.
Two of Malaysia's largest blue-chip banking stocks, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, performed strongly on Thursday. Maybank's share price rose 11 sen to RM9.35, while CIMB gained 6 sen to RM6.78. Investors are optimistic about the banking sector's robust profitability in the current high-interest rate environment. Analysts noted that with economic recovery and increasing loan demand, banks' net interest margins are expected to remain healthy. Furthermore, both banks' recent earnings reports showed solid growth, further boosting market confidence and attracting buying interest from local institutional investors.
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