Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd saw their shares rise by 1.2% and 0.9% respectively, emerging as key contributors to the KLCI's ascent. The financial sector demonstrated overall strength, buoyed by the robust performance of these banking giants. Investors are optimistic about their upcoming earnings.
On February 5, 2026, major Malaysian blue-chip stocks exhibited strong performance, particularly within the financial sector. Malayan Banking Bhd (Maybank) saw its share price climb 1.2% to RM9.55, while CIMB Group Holdings Bhd also rose 0.9% to RM6.88. The robust showing from these two banking giants was a critical factor in propelling the Kuala Lumpur Composite Index (KLCI) higher. Analysts believe the surge in banking stocks reflects investor confidence in the domestic economic recovery and anticipation of strong upcoming earnings reports. Other blue chips, such as Tenaga Nasional Bhd, also posted a modest gain of 0.5% to RM11.30, further solidifying the positive market sentiment across key sectors.
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