Friday, June 24, 2011

#Flash* RHB Capital opens sharply lower

KUALA LUMPUR:'' RHB CAPITAL BHD [] shares opened sharply lower on Friday, June 24 after MALAYAN BANKING BHD [] and CIMB Group Bhd confirmed they had ended all merger talks with RHB Cap.

At 9am, RHB Capital fell 34 sen to RM8.69 with 69,300 shares traded.

Meanwhile, Maybank and CIMB rose four sen each to RM8.86 and RM8.55.

Speculation about the Maybank and CIMB Bank's decision not to go ahead with the talks had sent RHB Cap shares down sharply on Thursday, skidding 57 sen to RM9.03 with 12.37 million shares done.

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