KUALA LUMPUR (June 7): Hong Leong Bank Bhd shares rose 2.4 percent, more than any full-day gain since March 15, as Malaysia's benchmark index advanced.

Market Metrics

* Shares advanced to RM19.46 from RM19 in the previous session.

* Trading volume was 28 percent more than 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 changed less than 0.1 percent.

Market Insights

* In the past year, the stock had a similar or greater gain two times at the close. It declined after both occasions. 

* Shares are at a 2.8 percent discount to the analysts' consensus target price. The stock traded at an average 0.6 percent premium over the past year.

* Stock declined 1.6 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 7.5 percent.