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 mirrored the subdued Southeast Asian markets at midday on Tuesday as the on-going US-China trade tensions weighed on the global economy.
At 12.30pm, the KLCI was down 0.29 of a point or 0.02% to 1,775.46. Turnover was 1.03 billion shares valued at RM652.85mil. There were 339 gainers, 344 losers and 359 counters unchanged.
Reuters reported most Southeast Asian stock markets were subdued on Tuesday, tracking weakness in broader Asia as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets.
The International Monetary Fund added to concerns about trade war risks by cutting forecasts of global growth for both this year and next, including downgrades to the outlook for the United States, China and Europe.
The ringgit weakened against the US dollar, down 0.03% to 4.1565.
As for banks Maybank fell four sen to RM9.61, CIMB lost three sen to RM6.01 while Public Bank was flat at RM24.98 but Hong Leong Bank gained four sen to RM20.62.
Axiata rose 10 sen to RM4.39 and added 1.45 points to the KLCI, Telekom edged up two sen to RM3.03 but Digi fell five sen to RM4.66 and Maxis shed two sen to RM5.68.
Genting Bhd
and Genting Malaysia added one sen to RM7.82 and RM4.93. Tenaga was flat at RM15.38.
Crude palm oil for third month delivery rose RM11 to RM2,198 per tonne. PPB Group rose two sen to RM16.88, Sime Plantation one sen higher at RM5.26, IOI Corp lost four sen to RM4.53 and KL Kepong 10 sen to RM24.98.
Gamuda edged up two sen to RM2.45 in active trade after the previous day's selldown over its smaller role in the MRT 2 contract.
Hibiscus Petroleum added seven sen to RM1.27 and its warrants WC 4.5 sen to 53.5 sen. It is buying a 50% stake in two oil and gas blocks in the North Sea for US$37.5mil (RM156mil) from Caldera Petroleum (UK) Ltd.
Reach Energy climbed 3.5 sen to 46 sen after the company announced it started drilling first exploration well in Kazakhstan-based Kariman field as part of its Emir-Oil’s exploration commitment.
Petronas Chemical added three sen to RM9.38, Petronas Dagangan 18 sen higher at RM26.18 and Petronas Gas two sen higher at RM18.76.
US light crude oil rose 39 cents to US$74.68 and Brent added 49 cents to US$84.40.
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