Thursday 28 Mar 2024
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KUALA LUMPUR (May 30): The FBM KLCI may today take the cue from index-linked  Genting Bhd, Genting Malaysia Bhd and Hong Leong Financial Group Bhd (HLFG) share price movements after these companies reported their quarterly results on Monday.

Today, the share price movements of casino and hotel group Genting Bhd and Genting Malaysia besides HLFG may have an impact on the KLCI due to their weightage on the 30-stock KLCI.

On Monday, Genting Bhd said net profit rose to RM603.06 million in the first quarter ended March 31, 2017 (1QFY17) from RM130.83 million a year earlier.

Genting Malaysia reported that 1QFY17 net profit climbed to RM323.52 million from RM161.57 million. Genting Bhd owns 49.32% of Genting Malaysia.

HLFG said 3QFY17 net profit rose to RM418.75 million from RM315.07 million. 9MFY17 net profit was up at RM1.25 billion from RM965.4 million a year earlier.The group declared a dividend of 25 sen per share for 3QFY17.

The KLCI fell 7.41 points or 0.4%  in the final trading minutes on Monday to close at 1,764.89 points on late selling of Genting Bhd shares. Genting Bhd dropped 21 sen to RM9.73.

Abroad, Mainland China markets were closed on Monday and will remain closed today for the Dragon Boat Festival.Hong Kong markets will also be closed today for the same event.

US markets were closed on Monday for Memorial Day.

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