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: US President Donald Trump's trade war threat loomed large over key Asian markets on Wednesday, further worsened by a top economic advisor's resignation.
Nearly 1,000 counters closed in the red, showcasing the weak broader market, with losers led by refiners, oil and gas stocks and banks.
At 5pm, the KLCI was down 10.47 points or 0.57% to 1,837.90. Turnover was 3.11 billion shares valued at RM3.17bil. There were 991 losers to 163 gainers while 297 counters were unchanged.
On the external front, Hong Kong shares followed world markets lower amid renewed fears of a global trade war. The Hang Seng index fell 1% to 30,196.92, while the China Enterprises Index lost 1.1% to 12,180.29, Reuters reported.
The dollar hovered near a 14-month low against the yen on Wednesday as investors grew cautious about the outlook of the greenback following the departure of economic adviser Gary Cohn, a former Wall Street banker.
However, the ringgit weakened against the greenback, down 0.03% to 3.9048; it fell 0.33% to the pound sterling to 5,4150 and dropped 0.54% against the euro ro 4.8431 while it slumped 0.33% against the Singapore dollar to 2.9678.
At Bursa, refiners Hengyuan fell RM1 to R9.18 and Petron lost 70 sen to RM9.03.
Petronas Dagangan lost 52 sen to RM24.66, Petronas Gas 22 sen to RM17.40 and Petronas Chemical two sen to RM7.96.
Sapura Energy
fell 4.5 sen to 51 sen with 103.7 million shares done. Sumatec and UMW Oil and Gas shed 0.5 sen each to 6.5 sen and 30 sen in active trade.
US light crude oil fell 71 cents to US$61.89 and Brent was down 83 cents to US$64.96.
Pos Malaysia fell 27 sen to RM3.42 – the lowest since Sept 19, 2016 on growing worries about its courier business.
AirAsia's recent rally due to its proposed dividend, fell 24 sen to RM3.96.
Among the glove makers, Kossan lost 48 sen to RM7.72 and Top Glove was down 35 sen to RM9.35 on rising profit taking.
Burn-in tester Kesm fell 64 sen to RM19.16 and MPI was down 23 sen to RM8.50.
Trump's threat of slapping tariffs on imported steel and aluminum hit Press Metal again, falling 23 sen to RM4.95 and erasing 1.6 points from the KLCI. Press Metal had stated it would be adversely affected.
As for banks, RHB Bank fell 15 sen to RM5.24, AmBank 12 sen to RM3.92, Public Bank six sen lower at RM22.94, CIMB shed five sen to RM7.15, Maybank two sen to RM10.48.
Crude palm oil for third month delivery slid RM36 to RM2,442 per tonne. PPB Group lost 16 sen to RM17.92, KL Kepong six sen lower at RM25.34 while IOI Corp shed two sen to RM4.79.
Sime Plantations fell seven sen to RM5.44, Sime Darby two sen to RM2.60 and Sime Property five sen lower to RM1.37.
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