Maybank and CIMB shares rose 1.1% and 0.9% respectively on February 5, driven by market expectations of strong upcoming Q4 earnings reports. Analysts maintain an 'overweight' rating on the banking sector, citing robust loan growth and stable asset quality as key drivers for continued performance.
Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd were prominent gainers in Thursday's trading, rising 1.1% to RM9.35 and 0.9% to RM6.75 respectively. This surge was primarily driven by strong market expectations for both banks' upcoming Q4 FY2025 earnings results. Analysts anticipate continued robust performance from the banking sector, propelled by sustained loan growth and stable asset quality. Despite global economic uncertainties, Malaysia's domestic economic recovery provides a solid foundation for the banking industry. Other banking stocks like Public Bank also saw a modest gain of 0.3%, indicating positive sentiment across the sector.
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