KUALA LUMPUR: RHB CAPITAL BHD []'s share price fell in early trade on Tuesday, Sept 7 after major shareholder, the Employees Provident Fund, said there were no merger talks currently in progress.
At 9.17am, it was down 12 sen to RM7.01 with 33,700 shares done.
The FBM KLCI however, rose 0.69 of a point to 1,435.37. There were 40.16 million shares done valued at RM31.81 million. There were 85 gainers, 76 losers and 124 stocks unchanged.
On Monday, RHB Cap's share price advanced 29 sen or 4.2% on speculation that it might be merging with one local banking giant.
However, Hwang DBS Vickers Research said buying interest on the stock would likely taper off on Tuesday as its major shareholder EPF has denied that it was involved in any merger talks.
At 9.17am, it was down 12 sen to RM7.01 with 33,700 shares done.
The FBM KLCI however, rose 0.69 of a point to 1,435.37. There were 40.16 million shares done valued at RM31.81 million. There were 85 gainers, 76 losers and 124 stocks unchanged.
On Monday, RHB Cap's share price advanced 29 sen or 4.2% on speculation that it might be merging with one local banking giant.
However, Hwang DBS Vickers Research said buying interest on the stock would likely taper off on Tuesday as its major shareholder EPF has denied that it was involved in any merger talks.
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