Genting slumped 15 sen to RM6.80 and erased 1.01 points while GentingM was down three sen to RM3.25 following the recent corporate news which were viewed as negative by investors.
KUALA LUMPUR: Selling of Digi, Tenaga and Sime Darby pushed the FBM KLCI to end Wednesday at the day's low, extending the decline from the previous day as investors stayed cautious ahead of the Budget 2019 proposals on Nov 2.
At 5pm, the KLCI was down 7.56 points or 0.45% to 1,690.04. Turnover was 2.35 billion shares valued at RM1.92bil. Decliners beat advancers 620 to 245 while 348 counters were unchanged.
Reuters reported world stocks marked a sixth straight day losses as fears about global economic growth kept sentiment fragile, with Wall Street tipped for a weak open and oil prices languishing near two-month lows.
Malaysia's economic growth was also expected to ease from December 2018 to February 2019, according to the Department of Statistics Malaysia.
At Bursa, consumer stocks were mixed with F&N sliding 94 sen to RM33.70 and Ajinomoto lost 68 sen to RM19.30 while Nestle was down 30 sen to RM144.20.
However, Carlsberg climbed 58 sen to RM18.08, Heineken gained 40 sen to RM18.20 and Dutch Lady
rose 34 sen to RM63.70.
As for telcos, Digi fell 15 sen to RM4.07 – the lowest since July – and erased 2.10 points from the KLCI. Maxis and Telekom were six sen lower to RM5.23 and RM2.22 but Axiata gained eight sen to RM3.33 and added 1.31 points to the index.
Power giant Tenaga continued to lose ground, falling 18 sen to RM13.90 and erasing 1.84 points. This was the lowest since June 29.
Other big cap stock like Sime Darby lost 10 sen to RM2.20 and erased 1.23 points. IHH was down seven sen to RM4.88.
Press Metal lost 10 sen to RM4.70 after the downgrade by a ratings agency from positive to stable.
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