Maybank shares rose 1.5% and CIMB gained 1.2% on Thursday, acting as key drivers for blue-chip performance. This reflects robust market confidence in the banking sector, with investors anticipating strong financial results and stable economic conditions.
Blue-chip stocks on Bursa Malaysia showed robust performance today, February 5, particularly financial giants Maybank and CIMB. Maybank's share price climbed 1.5% to RM9.55, while CIMB gained 1.2% to RM6.88. The strong showing by these banks was attributed to optimistic expectations for their upcoming Q4 earnings reports and confidence in the domestic economic recovery. Meanwhile, Tenaga Nasional also saw a modest gain of 0.5% to RM11.20, while Petronas Gas remained flat at RM17.80. Analysts believe that in the current uncertain global economic environment, investors are gravitating towards blue-chip companies with stable earnings and a proven track record of dividend payouts.
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