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: The FBM KLCI slid for a second consecutive day, weighed down by profit-taking in Nestle and Hong Leong Bank.
This came amid a fall in regional markets as anxieties built over trade tensions sparked US President Donald Trump's tariff moves.
The 30-stock benchmark index dropped 4.72 points to 1,854.12 at midday. Turnover was 1.56 billion shares with a value of RM955.34mil. There were 521 decliners to 266 advancers and 341 counters unchanged.
Consumer goods giant Nestle took another steep fall on Thursday as investors pulled away from the counter that analysts have said is overpriced. The stock fell RM13 to RM12.80 in the morning session.
Meanwhile, Hong Leong Bank fell 54 sen to RM18.76 while plantations stock IOI dropped 10 sen to RM4.76.
Banking heavyweight Maybank also slid six sen to RM10.38.
On the more bullish end of the market, Genting Malaysia rose 10 sen to RM5.37, Petronas Chemicals gained five sen to RM8.15 and Petronas Gas added 18 sen to RM18.08.
On the broader market, other consumer goods stocks also saw heavy profit-taking. Dutch Lady
fell RM2.30 to RM67.70 and F&N dropped RM2.28 to RM30.54. Carlsberg slid RM1.04 to RM19.58.
Gainers included British American Tobacco gaining 48 sen to RM27.98, United Plantation adding 20 sen to RM28.40 and UMW rising 15 sen to RM6.05.
In oil markets, prices rose on healthy global demand despite rising US production. WTI crude gained seven cents to US$61.03 a barrel while Brent crude added one cent to US$64.90 a barrel.
On the forex market, the ringgit slipped against major currencies, falling 0.22% agains the US dollar at 3.9145, 0.5% against the pound sterling at 5.4742 and 0.34% against the Singapore dollar at 2.9886.
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