AmBank (M) Bhd is issuing four new European style cash-settled structured call warrants to meet investors' demand for trading opportunities and investments under current market conditions.

The call warrants will be over the ordinary shares of BIMB Holdings Bhd (BIMB), DRB-Hicom Bhd (DRBHCOM), Malaysian Resources Corporation Bhd (MRCB), and UEM Land Holdings Bhd (UEMLAND).

In a statement today, the banking institution said the call warrants will be listed for trading on May 15, via the market making method, with an issue size of up to 100 million each and tenures of about 12 months.

AmInvestment Bank Director/Head Equity Derivatives Ng Ee Fang said the FTSE Bursa Malaysia KLCI (FBM KLCI) index hit a new high, post general election, as the incumbent Barisan Nasional government had retained its simple majority in parliament.

"The lifting of the political uncertainty helped relieve significant pent-up demand as sidelined investors returned to the markets.

"With the FBM KLCI lagging its Asean peers such as the Philippines and Indonesia year-to-date, foreign demand for Malaysian equities is expected to be robust post election, especially in sectors expected to benefit from the government's ongoing Economic Transformation Program (ETP) initiatives," she added.

AmBank said the new call warrants are aimed at sophisticated traders who want to trade on the direction and volatility of BIMB, DRBHCOM, MRCB and UEMLAND.

"The call warrants have gearings ranging between 3.09 and 4.20 and are targeted at investors who want leveraged exposure to the underlying stocks," AmBank added.