Key Malaysian blue-chip stocks, particularly banking giants Maybank and CIMB, performed strongly in Friday's trading. Maybank rose 1.2% to RM9.50, while CIMB gained 1.5% to RM6.85, becoming primary drivers for the FBM KLCI's upward movement. Investors are optimistic about their upcoming earnings.
Key blue-chip stocks on Bursa Malaysia showed strong performance during Friday's trading session, particularly within the financial sector. Malayan Banking Bhd (Maybank) saw its share price climb 1.2% to RM9.50, while CIMB Group Holdings Bhd surged 1.5% to RM6.85. The robust performance of these two banking giants contributed significantly to the overall uplift of the FBM KLCI. Investors remain optimistic about the banking sector's solid earning capabilities and dividend prospects. Other prominent blue-chips like Tenaga Nasional Bhd also saw a modest gain of 0.5% to RM10.30, while Nestle (Malaysia) Bhd remained flat at RM128.00. Analysts anticipate that banking stocks will continue to benefit from loan growth and improving net interest margins as the economy recovers.
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