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RHB Bank jumps 3% climbing the most in 2019

KUALA LUMPUR (May 21): RHB Bank Bhd shares rose 3 percent, more than any full-day gain since Oct 31, as Malaysia’s benchmark index advanced.

Market Metrics

* Shares advanced to RM5.91 from RM5.74 in the previous session.

* Trading volume was more than double the 20-day average.

* The FTSE Bursa Malaysia KLCI Index – Kuala Lumpur Composite Index gained 0.2 percent, and the MSCI AC Asia Pacific Index fell 0.2 percent.

Market Insights

* In the past year, the stock had a similar or greater gain three times at the close; it advanced in the next trading session once (1.5 percent) and declined twice (1.2 percent, on average).

* Shares are at a 5.8 percent discount to the analysts’ consensus target price. The stock traded at an average 8.2 percent discount over the past year.

* Stock advanced 5.5 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index – Kuala Lumpur Composite Index lost 13 percent.

Source: TheEdgeMarkets