Friday 29 Mar 2024
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KUALA LUMPUR (July 28): CIMB Group Holdings Bhd rose as much as 14 sen or 2% on expectation the financial services provider will report better financials after its first quarter results improved from a year earlier.

According to an analyst, CIMB shares had been rallying on "increasing investor confidence", following the release of its first quarter results in May this year. CIMB is scheduled to announce its second quarter results next month (August). 

Today, CIMB shares rose to their highest so far at RM6.73. At 11:49am, the stock pared gains at RM6.65, with some 12 million shares traded.

CIMB was Bursa Malaysia's eighth most active stock.

For its first quarter ended March 31, 2017, CIMB recorded a net profit of RM1.18 billion versus RM813.8 million. Revenue was higher at RM4.36 billion versus RM3.73 billion.

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