Friday 29 Mar 2024
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KUALA LUMPUR (Sept 13): CIMB Group Holdings Bhd shares rose 3.1 percent, more than any full-day gain since July 18, as Malaysia's benchmark index advanced.

Market Metrics

* Shares advanced to RM6.08 from RM5.90 in the previous session.

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

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.3 percent, and the MSCI AC Asia Pacific Index rose 0.8 percent.

Market Insights

* In the past year, the stock had a similar or greater gain nine times at the close; it advanced in the next trading session five times (0.9 percent, on average) and declined twice (3 percent, on average).

* Shares are at a 8.4 percent discount to the analysts' consensus target price. The stock traded at an average 10 percent discount over the past year.

* Stock declined 13 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.3 percent.

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