Malayan Banking (Maybank) and CIMB Group saw their shares rise 1.2% and 0.9% respectively on Friday, buoyed by positive analyst assessments of their robust earnings growth forecasts and attractive dividend policies.
KUALA LUMPUR, March 14 – Shares of Malaysia's banking giants, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, displayed robust performance in Friday's trading, climbing 1.2% to RM9.85 and 0.9% to RM6.72 respectively. This upward momentum was primarily driven by continued market optimism regarding the banking sector's solid earnings outlook and positive analyst reviews of their attractive dividend policies. Investors generally believe that net interest margins will remain stable and loan growth will persist amid the economic recovery. Furthermore, both banks' recently announced strong financial results have further bolstered market confidence, positioning them as preferred choices for institutional investors.
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