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