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Review: Strong earnings results from banking heavyweights may have helped to mitigate what may otherwise have been a decidedly dismal week on the FBM KLCI. On the external front, the congressional testimonial from new Fed chief Jerome Powell lent opposing pressure as equity markets reeled from what was seen as confirmation of more-rapid fiscal tightening in the year ahead. And then on Friday, President Donald Trump’s announcement of tariffs on steel imports cast fears over a potential trade war.

Back home, however, Public Bank showed to be a highlight of this past earnings season with a stellar performance, posting record earnings and pushing its share price to a new historical peak.

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