Thursday 28 Mar 2024
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KUALA LUMPUR (April 6): RHB Bank Bhd shares fell 4.4 percent, more than any full-day drop since December 2014, as Malaysia's benchmark index declined.

Market Metrics

* Shares declined to RM5.01, the lowest level since Dec. 29, from RM5.24 in the previous session.

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

* Move compares with the 0.4 percent loss in the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index and the 0.1 percent fall in the MSCI AC Asia Pacific Index.

Market Insights

* Shares are at a 14 percent discount to the analysts' consensus target price. The stock traded at an average 5.4 percent discount over the past year.

* Stock declined 4.2 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 5.1 percent.

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