Despite the overall subdued market, Maybank shares rose RM0.02 to RM9.75, and CIMB gained RM0.03 to RM6.88. Both blue-chip banking stocks showed strong performance, reflecting investor confidence in the financial sector amidst broader market volatility.
Malaysia's two largest banking giants, Maybank and CIMB, demonstrated resilience in Wednesday's trading session, providing support to the Kuala Lumpur Composite Index (KLCI). Maybank's share price closed up 2 sen at RM9.75, with a trading volume of 15 million shares. Concurrently, CIMB Group's shares rose 3 sen to RM6.88, with 22 million shares traded. Despite investor caution ahead of the US Federal Open Market Committee (FOMC) meeting, analysts noted that strong banking fundamentals and expectations of continued economic recovery make financial stocks a safe haven for investors seeking stable returns. The banking sector is expected to maintain robust growth throughout 2026.
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