KUALA LUMPUR (June 7): RHB Bank Bhd shares rose 4.1 percent, more than any full-day gain since November 2016 and more than triple Malaysia's benchmark index.
Market Metrics
* Shares advanced to RM5.84, the highest level since May 2015, from RM5.61 in the previous session.
* Trading volume was more than double the 20-day average
* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 1.3 percent, and the MSCI AC Asia Pacific Index rose 0.6 percent.
* The relative strength index on the stock was above 70, indicating it may be overbought.
Market Insights
* Shares are at a 1.2 percent discount to the analysts' consensus target price. The stock traded at an average 7.3 percent discount over the past year.
* Stock advanced 13 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.8 percent.