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Banking stocks among top gainers in early trade

Publish date: Fri, 01 Dec 2023, 01:10 PM

KUALA LUMPUR (Dec 1): Banking and financial services stocks were among the top gainers in early morning trade on Friday, after they concluded the latest earnings reporting season with mostly encouraging results.

At the time of writing, Hong Leong Financial Group Bhd was the top gainer, up 40 sen or 2.48% to RM16.50 a share. Allianz Malaysia Bhd was in the third place, with a 22 sen or 1.22% gain to RM18.33. 

Hong Leong Bank Bhd was the fourth biggest gainer, after rising 14 sen or 0.74% to RM19.14. In the fifth place was CIMB Group Holdings Bhd, with an 11 sen or 1.95% gain to RM5.76.

AMMB Holdings Bhd was seventh on the list of top gainers, with a nine sen or 2.27% increase to RM4.05.

Other banking stocks also saw gains. Hong Leong Capital Bhd advanced five sen or 1.06% to RM4.72, while Alliance Bank Malaysia Bhd rose four sen or 1.17% to RM3.47.

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