KUALA LUMPUR (March 3): AMMB Holdings Bhd’s (AmBank) share price plunged 11.4% or 36 sen to a near four-month low of RM2.80 on the first trading day after the banking group last Friday announced a whopping global settlement in relation to the 1Malaysia Development Bhd (1MDB) scandal. The stock took a nosedive at the opening bell, it hit a low of RM2.63, down 53 sen or 16.8% against the previous closing of RM3.16 last Friday. Its trading volume swelled to a record high of 101.8 million shares. The selling spread to its derivatives. AmBank-C21 lost two-thirds of its value, two sen, to close at one sen, AmBank-C23 was down two sen to 3.5 sen while AmBank-C24 dropped 2.5 sen to four sen.