Selling pressure drags Genting stock lower


  • Business
  • Thursday, 10 Apr 2003

GENTING  

RENEWED selling pressure dragged this stock lower to close at its recent low of RM12.30 yesterday amid worries that the Severe Acute Respiratory Syndrome outbreak may badly affect tourist arrivals at its resorts. Though all the indicators remained bearish, this cash-rich gaming stock may attract some bargain hunting activity should the downtrend persist. Strong support is seen at RM11.50 while resistance is at RM13.50. 

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