StephenChin2271
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$PBBANK-C1E (12951E.MY)$ Why haven't you paid back yet?
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(Kuala Lumpur, 14th) Public Bank $PBBANK (1295.MY)$ On Monday's opening, rebounded by 3%, its market cap also surpassed the national energy. $TENAGA (5347.MY)$ Returning to the top three, however, it still lags behind Alliance Bank International. $CIMB (1023.MY)$ Below.
Within half an hour of the market opening on Monday, Public Bank reported 4.44 ringgit, the highest price of the day, rising 13 sen or 3%; the market cap also increased to 85.4 billion ringgit, easily surpassing Tenaga Nasional's 84 billion ringgit.
At the final market close, Public Bank slightly retreated from its gains, closing at 4.39 ringgit, up 8 cents or 1.86%, with a market cap of 85.2 billion 12.94 million ringgit, maintaining its third position; a total of 52.16 million 8700 shares changed hands, making it the fourth most popular stock.
However, Public Bank has still not surpassed Alliance Bank International, with the latter's market cap remaining at 88.4 billion 28.03 million ringgit, ranking second.
Currently, the market cap leader in the Malaysian stock market is still Maybank, with 127.1 billion and 85.7 million ringgit, far ahead. $MAYBANK (1155.MY)$ leading by a significant margin with a market cap of 127.1 billion 85.7 million ringgit.
Last Thursday, following the announcement by the descendants of the late Tan Sri Teh Hong Piow to gradually reduce their shareholding in Public Bank to 10% at a discounted price, the stock price plummeted by 5% on Friday, evaporating over 5 billion in market cap in a single day and falling out of the top three.
This is mainly due to the restrictive stock sale activities of the Teh family, which may lead to concerns of a decline in Public Bank's stock price as a large amount of shares are awaiting sale.
The Zheng family is expected to sell 13.4...
Within half an hour of the market opening on Monday, Public Bank reported 4.44 ringgit, the highest price of the day, rising 13 sen or 3%; the market cap also increased to 85.4 billion ringgit, easily surpassing Tenaga Nasional's 84 billion ringgit.
At the final market close, Public Bank slightly retreated from its gains, closing at 4.39 ringgit, up 8 cents or 1.86%, with a market cap of 85.2 billion 12.94 million ringgit, maintaining its third position; a total of 52.16 million 8700 shares changed hands, making it the fourth most popular stock.
However, Public Bank has still not surpassed Alliance Bank International, with the latter's market cap remaining at 88.4 billion 28.03 million ringgit, ranking second.
Currently, the market cap leader in the Malaysian stock market is still Maybank, with 127.1 billion and 85.7 million ringgit, far ahead. $MAYBANK (1155.MY)$ leading by a significant margin with a market cap of 127.1 billion 85.7 million ringgit.
Last Thursday, following the announcement by the descendants of the late Tan Sri Teh Hong Piow to gradually reduce their shareholding in Public Bank to 10% at a discounted price, the stock price plummeted by 5% on Friday, evaporating over 5 billion in market cap in a single day and falling out of the top three.
This is mainly due to the restrictive stock sale activities of the Teh family, which may lead to concerns of a decline in Public Bank's stock price as a large amount of shares are awaiting sale.
The Zheng family is expected to sell 13.4...
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StephenChin2271
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What happens later? The September jobs report, expected later today, will provide a clearer view of the U.S. labor market and is likely to be a key driver for markets, even amid geopolitical tensions and rising oil prices.
Unemployment down-> More Jobs-> reflecting economic resilience rather than high inflation. With the unemployment rate slowly increasing, solid job growth would suggest the economy is avoiding a recession. $CBOE Volatility S&P 500 Index (.VIX.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ may shoot...
Unemployment down-> More Jobs-> reflecting economic resilience rather than high inflation. With the unemployment rate slowly increasing, solid job growth would suggest the economy is avoiding a recession. $CBOE Volatility S&P 500 Index (.VIX.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ may shoot...
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Happy Friday, mooers! Welcome back to Weekly Buzz where we talk about the top ten buzzing stocks on moomoo this week! Comment below to answer the Weekly Topic question for a chance to win an award!
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Weekly Buzz
The week started out with all-time closing highs for the S&P 500 and Dow, and continued on that way until Thursday. Investors were pricing in rate cuts, but aside from the sudden onset of C...
Make Your Choice
Weekly Buzz
The week started out with all-time closing highs for the S&P 500 and Dow, and continued on that way until Thursday. Investors were pricing in rate cuts, but aside from the sudden onset of C...
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StephenChin2271 : I've made a bad deal & should have known better. lesson learned. I'm lucky PB is a good stock & will rise to match their value