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: Local fund buying of Tenaga Nasional, which was sold down recently, helped the FBM KLCI recoup most of its early losses amid a weaker broader market.
At 5pm, the KLCI was down 0.23 of a point or just 0.01% to 1,638.40. Turnover was 1.62 billion shares valued at RM1.43bil. Decliners beat advancers two to one or 537 losers to 255 gainers while 350 counters were unchanged.
Key Asian markets were mixed ahead of the US-China trade talks at the G20 summit later this month and also ahead of the US Federal Reserve meeting this week.
At the close, the Shanghai Composite index was up 0.2% at 2,887.62, while the blue-chip CSI300 index was flat, Reuters reported.
The Hong Kong stock market closed higher as local officials suspended efforts to push for a controversial law, de-escalating mass protests, but trading was muted. The Hang Seng index was up 0.4% at 27,227.16. The Hang Seng China
Enterprises index ended nearly 0.1% higher.
At Bursa, Tenaga rose 56 sen to RM12.74 and powered the KLCI up by a hefty 5.53 points. Genting added four sen to RM6.52 and GentingM three sen to RM3.26. MAHB fell 19 sen to RM7.98.
Among the telcos, Maxis fell 11 sen to RM5.47 and erased 1.49 points, Digi was lower by six points to RM4.81 while Axiata shed two sen to RM4.71.
RHB Bank fell 11 sen to RM5.59 and wiped out 0.76 of a point. StarBiz reported Aabar Investments PJS is putting up for sale its entire 9.9% stake in RHB Bank Bhd.
Public Bank lost 10 sen to RM23.02, HL Bank 10 sen lower at RM18.70, CIMB three sen to RM5.25, AmBank six sen to RM4.35 while Maybank was unchanged at RM8.96.
Petronas Dagangan lost 30 sen to RM25.30 while Petronas Chemical and Petronas Gas two sen lower at RM8.32 and RM17.58.
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