Maybank continues to be the largest stock market in Malaysia.
The country’s stock market continues to be in turmoil and although there was a sudden rally on the day the new Prime Minister took office, the stock market has continued to hover below 1,500 points since then. The National Bank has raised interest rates four times in a year, which is a boon for bank stocks, and four of the 10 largest listed companies in the Malaysian stock market are still banks.
As of early December, Maybank’s market capitalization was RM104.750 billion, an increase from last month. The second largest bank in terms of market capitalization was Public Bank, which had a market capitalization of RM85.601 billion, a slight increase from November.
Petronas Chemicals, which ranked third in terms of market capitalization, had a market capitalization of RM68.240 billion as of early December. CIMB ranked fourth with a market capitalization of RM60.258 billion at the beginning of December.
IHH Healthcare ranked 5th with RM52.836 billion, Tenaga Nasional ranked 6th with RM43.676 billion and Hong Leong Bank ranked 7th.
Press Metal Aluminum was ranked 8th with RM39.88 billion in early December, Petronas Gas was ranked 9th and MISC was ranked 10th.
Ranking of the top 10 Malaysian stocks in terms of market capitalization (as of early December)
1. Maybank (RM104.750 billion)
2. Public Bank (RM85.601 billion)
3. Petronas Chemicals (RM68.240 billion)
4. CIMB (RM60.258 billion)
5. IHH (RM52,836 million)
6. Tenaga Nasional (RM43,676 million)
7. Hong Leong Bank (RM44.698 billion)
8. Press Metal Aluminum (RM39,880 million)
9. Petronas Gas (RM33.322 billion)
10. MISC (RM32.095 billion)
