The index saw 7.09 points or 0.44% being struck off, ending the day at 1, 604.70. The negative view of GenM’s acquisition spilled over to its parent company, Genting Bhd, as both counters were the two top losers on the local bourse yesterday
PETALING JAYA: The massive selldown in Genting counters dragged the benchmark FBM KLCI down, following news of Genting Malaysia Bhd
’s (GenM) acquisition of loss-making gaming and entertainment company Empire Resorts Inc.
The index saw 7.09 points or 0.44% being struck off, ending the day at 1, 604.70. The negative view of GenM’s acquisition spilled over to its parent company, Genting Bhd, as both counters were the two top losers on the local bourse yesterday.
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