Maybank's share price climbed 1.2% to RM9.55, driven by market expectations of strong upcoming financial results. CIMB and Tenaga Nasional also saw modest gains, contributing positively to the banking and utility sectors.
Malayan Banking Bhd (Maybank) saw its share price perform strongly today, rising 1.2% to RM9.55 per share, making it one of the key contributors to the FBM KLCI. Market expectations are high for the bank's upcoming fourth-quarter earnings report, with anticipation of robust profit growth driven by healthy loan expansion and improved net interest margins. Concurrently, CIMB Group Holdings Bhd also posted a modest gain of 0.5% to RM6.88. Tenaga Nasional Bhd (TNB) advanced 0.3% to RM10.20, supported by its ongoing investments in renewable energy projects. The positive performance of these blue-chip counters provided some support to the market despite the overall cautious sentiment.
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