KUALA LUMPUR (July 3): CIMB Group Holdings Bhd dipped seven sen or 1.3% as investors locked in gains from the stock's earlier rise today.

At 4.23pm, CIMB (fundamental: 1.05; valuation:2.25) was transacted at RM5.47, with some four million shares traded. The stock had earlier risen to an intraday high of RM5.56.

Last Wednesday (June 24), CIMB announced the completion of its mutual separation scheme, which would cost the lender about RM443.3 million.

The group said its workforce reduction would result in estimated savings of RM291.6 million a year.
 
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)