Saturday 20 Apr 2024
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KUALA LUMPUR (July 3): CIMB Group Holdings Bhd shares fell 2.21%, more than any full-day drop since March 25 and more than quadruple Malaysia's benchmark index.

Market Metrics

* Shares declined to RM5.32 from RM5.44 in the previous session.

* Trading volume was 74% more than the 20-day average. 

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.4 percent, and the MSCI AC Asia Pacific Index fell 0.4%.

Market Insights

* In the past year, the stock had a similar or greater loss 15 times at the close; it advanced in the next trading session six times (2.3%, on average) and declined eight times (1.1%, on average).

* Shares are at a 9.2% discount to the analysts' consensus target price. The stock traded at an average 13% discount over the past year.

* Stock advanced 0.6% in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.4%.

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