Thursday 25 Apr 2024
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KUALA LUMPUR (Aug 6): The escalation in trade tensions stemming from the US-China trade war continued to wreak havoc on regional markets, and FBM KLCI index-linked stocks were no exception.

At the time of writing, top laggards in percentage terms on the index were Genting Malaysia Bhd (GenM), Hong Leong Bank Bhd (HLBank), Hap Seng Consolidated Bhd, Genting Bhd, and AMMB Holdings Bhd (AmBank).

At 10:19am, GenM declined 3.88% or 14 sen to RM3.47, giving it a market capitalisation of RM20.61 billion, with the counter seeing 15.63 million shares traded.

HLBank fell 2.61% or 46 sen to RM17.20, with the 150,400 of its shares changing hands, giving it a market capitalisation of RM37.29 billion.

Meanwhile, Hap Seng dropped 1.86% or 18 sen to RM9.52, valuing the company at RM23.7 billion. The counter saw 122,400 shares traded.

GenM's parent company Genting slid by 1.81% or 12 sen to RM6.52, giving the group a market capitalisation of RM25.28 billion, with a total of 1.37 million shares transacted.

AmBank dipped by 1.72% or seven sen to RM4.01, valuing the company at RM12.09 billion, with some 472,200 shares traded.

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