Maybank and CIMB Group emerged as key drivers for the KLCI today, with their shares climbing 0.8% and 1.2% respectively. This strong performance reflects growing investor confidence in the banking sector's resilience and potential for improved earnings in the current economic climate, particularly ahead of upcoming dividend announcements.
Today, Malaysia's banking giants, Maybank and CIMB Group, led the charge among blue-chip stocks, closing at RM9.25 and RM6.58 respectively. Maybank climbed 0.8%, while CIMB Group gained 1.2%, contributing significantly to the Kuala Lumpur Composite Index. Investors showed strong buying interest in banking stocks, primarily driven by optimistic expectations for Malaysia's economic recovery and the banks' robust earning capabilities. Analysts anticipate that banking stocks will remain an attractive investment choice in 2026, supported by a stable interest rate environment and sustained loan growth, with strong earnings reports and potential dividend payouts expected in the upcoming reporting season.
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