KUALA LUMPUR (Sept 20): Hong Leong Bank Bhd shares rose 2.9 percent, more than any full-day gain since May 31, as Malaysia's benchmark index advanced.
Market Metrics
* Shares advanced to RM21.26, higher than any close since the company's October 1994 initial public offering, from RM20.66 in the previous session.
* Trading volume was more than six times the 20-day average.
* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.4 percent, and the MSCI AC Asia Pacific Index rose 0.4 percent.
* The relative strength index on the stock was above 70, indicating it may be overbought.
Market Insights
* In the past year, the stock had a similar or greater gain seven times at the close; it advanced in the next trading session once (4.9 percent) and declined six times (2.2 percent, on average).
* Shares are at a 7.3 percent premium to the analysts' consensus target price. The stock traded at an average 1.1 percent premium over the past year.
* Stock advanced 30 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 1.4 percent.