Maybank and CIMB Lead Blue-Chip Gains, Boosting KLCI

Today, major Malaysian blue-chip stocks showed robust performance, particularly within the financial sector. Malayan Banking Bhd (Maybank) saw its share price climb 1.8% to RM9.35, while CIMB Group Holdings Bhd also recorded a 1.5% gain to RM6.80. The appreciation of these two banking giants was a primary contributor to the Kuala Lumpur Composite Index's (KLCI) upward movement today. Investors are generally optimistic about banking stocks' performance in the current economic recovery cycle, anticipating further improvements in their profitability. Additionally, Tenaga Nasional Bhd edged up 0.5% to RM10.20, while Petronas Gas Bhd remained steady. Overall, the stable performance of blue-chip stocks provided a solid foundation for the market.