Genting: THE gaming stock, which was the day's top loser, dropped 60 sen yesterday to RM12.40, a price level last seen in October 2002.
It was traded on a volume of 4.3 million shares, substantially more than Thursday's 1.86 million shares.
Genting shares have lost 10.8% of their value since March 26. Analysts attributed the price weakness to worries over the SARS outbreak and the impact it would have on Genting's near-term earnings. AMMB WB: AMMB-WB, which was listed on Wednesday, gained 13.5 sen to close at RM1.05 yesterday on volume of 8 million shares. The warrant, which has an indicative price of 12.3 sen, had hit limit-up in the first two days of trade. An analyst has put the warrant's fair value at 80 sen. The new warrants carry a strike price of RM3.60 and will expire on March 20, 2008.