Friday 26 Apr 2024
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KUALA LUMPUR (March 16): Malayan Banking Bhd (Maybank) shares fell 1.5 percent, more than any full-day drop since Sept. 29, as Malaysia's benchmark index declined.

Market Metrics

* Shares declined to RM10.20 from RM10.36 in the previous session.

* Trading volume was more than triple the 20-day average for this time of day.

* Move compares with the 0.2 percent loss in the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index and the 0.3 percent fall in the MSCI AC Asia Pacific Index.

Market Insights

* Shares are at a 7.2 percent discount to the analysts' consensus target price. The stock traded at an average 0.9 percent discount over the past year.

* Stock advanced 15 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 6 percent.

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