Friday, November 12, 2010

Genting weighs on market

KUALA LUMPUR: The FBM KLCI opened on a cautious note on Friday, Nov 12, weighed down by the overnight decline on Wall Street while GENTING BHD [] was in focus.

At 9.10am, the FBM KLCI was down 3.21 points to 1,510.49. Turnover was 75.24 million shares valued at RM61.63 million. There were 111 gainers, 101 losers and 134 stocks unchanged.

Genting fell the most, down 32 sen to RM10.28'' as it is expected to see lower contribution for 3QFY10 ended Sept 30 from Singapore compared with the preceding quarter.

Genting Singapore call warrants (GenS-C5) and GenS-J1 fell 7.5 sen each to 48 sen and 36 sen while GenS-C8 shed four sen to 29 sen and GenS-C& down four sen also to RM1.10.

Public Bank shed 12 sen to RM12.68 with only 1,600 shares done while Public Bank-F eased four sen to RM12.72.


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