Maybank and CIMB led blue-chip gains today, rising 1.2% and 1.5% respectively. Optimism surrounding regional economic recovery bolstered banking sector performance. Investors are anticipating robust financial results from these key players, driving their share prices higher amidst positive market sentiment.
Malaysia's two largest banking giants, Maybank and CIMB, led blue-chip gains on Thursday, closing at RM9.35 and RM6.48 respectively. Maybank rose 1.2%, while CIMB gained 1.5%. This positive performance is largely attributed to market optimism surrounding the economic growth prospects in Southeast Asia, which is expected to drive loan growth and improve asset quality. Furthermore, investors are anticipating robust profitability in their upcoming fourth-quarter earnings reports. Analysts believe that with a stable interest rate environment and a recovery in regional trade, the banking sector is poised to maintain strong momentum throughout 2026. Other major blue-chips like Tenaga Nasional also saw a modest gain of 0.5%.
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