Maybank's shares reached a 52-week high today, closing at RM9.55, as investors anticipate strong upcoming quarterly earnings. Optimism is fueled by expectations of expanding net interest margins and robust loan growth. The banking sector's overall positive outlook also contributed to the surge.
Malayan Banking Bhd (Maybank) shares surged today, gaining 1.2% to close at RM9.55, marking a new 52-week high. This rally is primarily driven by optimistic market expectations for its upcoming fourth-quarter fiscal year 2025 earnings release. Analysts widely anticipate that despite global economic headwinds, Malaysia's banking system remains robust, and Maybank is poised for continued net interest margin expansion and healthy loan growth. Furthermore, the bank's diversified business presence across regional markets provides additional impetus for growth. Investor confidence in its dividend policy has also further underpinned the share price. Other blue-chip counters like Tenaga Nasional Bhd also saw a modest gain of 0.3% to RM11.08, while CIMB Group Holdings Bhd closed 0.9% higher at RM6.88, indicating overall strength in the banking sector.
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