Banking stocks ride on optimism

  • 📰 staronline
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 75%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Some banks are inching closer to their 52-week high levels.

, which hit its year-to-date low on Aug 19 after a downtrend since March, has since recovered by 4.86% to RM4.10. The 52-week high level was RM4.97 per share.Holding Bhd closed marginally near its 52-week high of RM4.88 yesterday, after breaching the level. In the past two weeks, the stock was up 6.11% to RM4.86 as of closing yesterday.

Commenting on the banking sector’s expected second-quarter results, Chua anticipates a quarter-on-quarter weakening. “The earnings weakness may flow into the third quarter. I think we will see an improvement in the fourth quarter and onwards,” he said. However, outstanding business loan growth increased to 0.9% in June, reflecting stronger working capital loan growth. In comparison, business loans grew 0.4% in April and May.

Fitch Ratings, in a reply to StarBiz, cautioned that there was more loan impairment to come for the Malaysian banks, given the severity of the economic shock posed by the Covid-19 pandemic. “This buys borrowers time for the economy to return to a stronger footing and to benefit from fiscal transfers and pension withdrawals that were announced by the government.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Muhammad Qasim melihat banyak mimpi di mana ia adalah hari terakhir hingga kiamat.Tetapi setiap kali Allah memanjangkan sehari demi rahmatNya kerana Qasim tidak dapat menyelesaikan pekerjaan yang diberikan kepadanya. Muhammad Qasim adalah Imam Al-Mahdi!

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Renewed recovery optimism provides further boost to stocks, crude | Malay MailHONG KONG, Aug 24 — Equities and oil prices rose again in Asia today, extending a global rally fuelled by renewed optimism over the recovery outlook after Washington gave full approval to Pfizer-BioNTech’s vaccine and an increase in US Covid infections appeared to be peaking. A call by...
Källa: malaymail - 🏆 1. / 86 Läs mer »

Global stocks, US yields gain ahead of Fed chair Powell’s Jackson Hole speech | Malay MailNEW YORK, Aug 25 — Global equity markets and US Treasury yields rose yesterday as positive US vaccination news lifted sentiment, and as investors grew less worried the Federal Reserve was set to announce a timetable for tapering stimulus measures. Fed Chair Jerome Powell is to speak on Friday at...
Källa: malaymail - 🏆 1. / 86 Läs mer »