Key banking stocks like Maybank and CIMB Group performed strongly today, rising 1.2% and 1.5% respectively, driving the overall financial sector. Investors are optimistic about the earnings outlook and dividend payouts from these banking giants, contributing significantly to the KLCI's positive close.
Major Malaysian blue-chip stocks saw mixed performance today, but financial giants Maybank and CIMB Group stood out. Maybank closed up 1.2% at RM9.50, while CIMB Group rose 1.5% to RM6.45, reflecting market confidence in the banking sector's earnings growth. Tenaga Nasional Bhd (TNB) saw a slight dip of 0.5% to RM10.30, while Petronas Gas Bhd remained flat at RM17.80. Analysts attribute the strong showing in banking stocks to a stable interest rate environment and healthy loan growth, with upcoming earnings reports expected to reinforce this positive sentiment.
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