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: Bursa Malaysia and key Asian markets managed to close off their day's low on Monday as investors' fears of an all-out trade war between the US and China abated.
At 5pm, the FBM KLCI was down 5.31 points or 0.28% to 1,859.91. Turnover was 1.98 billion shares valued at RM1.79bil. There were 334 gainers, 589 losers and 371 counters unchanged.
World stocks came off six-week lows and US stock futures jumped on Monday on optimism that the United States and China are set to begin negotiations on trade, easing fears about a trade war between the world's two largest economies, Reuters reported.
MSCI's world equity index, which tracks shares in 47 countries, turned positive on the day, having earlier hit its lowest level since Feb 9, after a Wall Street Journal report that Treasury Secretary Mnuchin was considering a visit to Beijing to begin negotiations.
Among the regional markets, Japan, Hong Kong and South Korea ended higher but China fell.
The ringgit edged up against the US dollar by 0.63% to 3.8950 but fell 0.06% against the pound sterling to 5.5307. It eked out a 0.1% gain against the euro to 4.8275 and climbed 0.27% to the Singapore dollar to 2.9721.
Traders said the current global uncertainties were holding investors back, coupled with the nearing General Election.
At Bursa, Nestle fell the most, down RM2 to RM148 and erased 0.84 of a point from the KLCI, Heineken fell 44 sen to RM20.88 and Dutch Lady
26 sen to RM7.63 while Ajinomoto gained 60 sen to RM22.50. Poweroot climbed 11 sen to RM1.29.
Astro fell 12 sen to an all-time low of RM2.06 and wiped out 1.12 points from the KLCI on concern about rising content costs.
Crude palm oil for third month delivery fell RM1 to RM1,427 per tonne.
Plantations were mixed, KL Kepong fell two sen to RM25.48, IOI Corp rose one sen to RM4.79 and PPB Group four sen higher at RM18.96.
Sime Plantation fell six sen to RM5.58 and Sime Darby was unchanged at RM2.55 whgile Sime Property unchanged at RM1.38.
As for banks, Hong Leong Bank fell 16 sen to RM18.56, Public Bank eight sen lower at RM23.92, RHB Bank seven sen to RM5.25, AmBank five sen to RM4.05 but Maybankinched up two sen to RM10.52.
Among the telcos, Axiata and Maxis gained three sen each to RM5.46 and RM5.84 while Digi fell three sen to RM4.65 and Telekom one sen lower at RM5.40.
Press Metal lost 10 sen to RM4.85 while also other steel stocks also ended in the red.
Glove makers were mixed with Top Glove up 15 sen to RM9.72 but Kossan lost 28 sen to RM7.63. Karex rose 1.5 sen to 79 after hitting an all-time low in the previous session.
Petronas Gas fell eight sen to RM17.80, Petronas Chemicals three sen to RM8.15 and Petronas Dagangan unchanged at RM24.70.
Limited time offer:
Just RM5 per month.
