<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 18): RHB Bank Bhd shares fell 4.1 percent, more than any full-day drop since at least June 19, 2017 and about quadruple Malaysia's benchmark index.</p></div>

<div class=newsTextDataWrapInner><p>Market Metrics</p></div>

<div class=newsTextDataWrapInner><p>* Shares declined to RM5.57 from RM5.81 in the previous session.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>* Trading volume was more than triple the 20-day average&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 1 percent, and the MSCI AC Asia Pacific Index fell 0.5 percent.</p></div>

<div class=newsTextDataWrapInner><p>* The relative strength index on the stock was above 70, indicating it may be overbought.</p></div>

<div class=newsTextDataWrapInner><p>Market Insights</p></div>

<div class=newsTextDataWrapInner><p>* Shares are at a 6.1 percent discount to the analysts' consensus target price. The stock traded at an average 7.3 percent discount over the past year.</p></div>

<div class=newsTextDataWrapInner><p>* Stock advanced 15 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 1.6 percent.</p></div>


KUALA LUMPUR (June 18): RHB Bank Bhd shares fell 4.1 percent, more than any full-day drop since at least June 19, 2017 and about quadruple Malaysia's benchmark index.

Market Metrics

* Shares declined to RM5.57 from RM5.81 in the previous session.

* Trading volume was...

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<p>KUALA LUMPUR (April 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:</p>

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<p>Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.</p>


<p>The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.</p>


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<p>All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.</p>

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<p>Attention this week will be on the March inflation rate, with the <strong>Department of Statistics Malaysia</strong> (DOSM) slated to put out <strong>Consumer Price Index</strong> (CPI) — the key gauge for inflation — data on Thursday.</p>

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<p>Ahmad Zahid, who is also Barisan Nasional (BN) chairman, said this was discussed at the Unity Government secretariat meeting on Wednesday.</p>


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<p>A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.</p>


<p>The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday.</p>


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<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


<p>Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".</p>


<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>
