Maybank’s share price movement for the first two quarters of 2014 was in line with the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) and the Bursa Malaysia Finance Index (BM Finance Index), declining 2.62% in the first quarter followed a 1.55% gain in the second quarter.
However, after the FBM KLCI hit its all-time high of 1,892.6 on 8 July, it began to decline on the back of falling global oil prices. Maybank’s share price held up for another two months to hit its peak of the year at RM10.16 on 4 September before it also succumbed to concerns over softer corporate earnings, lower ringgit, falling oil prices and weak economic outlook given Malaysia is an oil exporting country. This in turn weakened external sentiment and raised on-going concerns of Malaysia’s fiscal challenges and vulnerability to foreign fund outflows.
Although for the third quarter Maybank still managed to record a 1.32% gain, the downtrend that began in September accelerated in the fourth quarter of the year as oil prices continued to plunge to below USD60. On 16 December 2014, Maybank’s share price, FBM KLCI Index and the KL Financial Index all hit their 52-week low of RM8.29, 1,673.94 points and 14,857.75 points before rebounding at the year end to close at RM9.17, 1,761.25 points and 15,704.35 points respectively.
At the close of 2014, Maybank’s share price was 7.7% lower than at the end of last year while the FBM KLCI and BM Financial Index also recorded a losses of 5.7% and 7.4% respectively.
Maybank Share Price and Volume Performance in 2014
Relative Performance of Maybank Share Price vs Benchmark Indices
Total Shareholder Return
Total Shareholder Return (TSR) is the measure of our enhancement of shareholder value that measures total return arising from capital gains (share price increase) and dividends.
Despite the weaker equity market for 2014, which saw Maybank shares registering a greater decline than the benchmark indices, Maybank outperformed both indices with a TSR of -2.49% which was 0.13% better than the FBMKLCI and 1.33% higher than the BM Finance Index.
Maybank Long Term Share Price and Volume Performance
Share Related Key Figures
Maybank’s share price performance in 2013
In 2013, Maybank’s share price movement largely moved in tandem with the FBMKLCI Index. Maybank’s share price hit a high of RM10.74 on 24 July 2013, driven by sustained buying interests in the second quarter of 2013. Meanwhile, the Malaysian stock market ended 2013 on a positive note, with the FBMKLCI Index reaching its high of 1872.52 points on 30 December 2013.
Maybank’s share price rose 10.1% from RM9.03 on 2 January 2013 to RM9.94 on 31 December 2013. This was in line with the full-year increase seen in both the FBMKLCI Index (11.5%) and KL Finance Index (11.2%).
The local bourse’s performance was lacklustre for the first quarter of 2013, as investors took a cautious stance and pared down their stock holdings while buyers stayed on the sidelines in anticipation of the 13th Malaysian General Election (GE). The FBMKLCI Index hit a low of 1613.33 points on 20 February 2013, a day after Maybank slipped to its lowest price of RM8.84 for 2013.
Although market conditions remained challenging for the region moving into the second half of 2013, local market sentiment improved as investment spending and corporate activity picked up on the back of greater visibility post GE.
Total Shareholder Return (TSR)
TSR is the measure of our enhancement of shareholder value that measures total return arising from capital gains (share price increase) and dividends.
Maybank recorded a TSR of 14.30% for 2013 compared to 14.11% for the FBM KLCI and 15.09% for the Bursa Malaysia Finance Index