PETALING JAYA: Banking stocks have been moving ahead of their results announcements, with some banks inching closer to their 52-week high levels.
The uptrend in such stocks has also helped to push the FBM KLCI higher over the past two weeks, adding over 65 points or 4.34% in the period. Analysts said that investors are looking at banking stocks once again, largely due to improved market sentiment as political squabbles recede and more economic sectors are reopened.
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