Business

Published: Thursday April 18, 2013 MYT 9:33:00 AM

Genting stocks among major decliners


KUALA LUMPUR: Genting-related counters were among the major decliners in early trade on Thursday as investors decided to take profit after the FBM KLCI closed at a fresh historic high of 1,710.97 on Wednesday.

At 9.16am, the KLCI was down 5.18 points to 1,705.79. Turnover was 50.69 million shares valued at RM52.95mil. There were 71 gainers, 120 losers and 135 counters unchanged.

Bloomberg reported Asian stocks dropped for the third time in four days, led by metals producers and mining companies, as commodities slumped and earnings fell short of estimates. The yen gained 0.3%.

At Bursa Malaysia, Genting Plantations fell 16 sen to RM8.74 with 500 shares done. Iit was the top loser.

Genting Malaysia shed eight sen to RM3.69 with 111,300 shares traded while Genting Bhd was down six sen to RM10.20 with 57,900 units done.

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