Genting Hong Kong stock falls 9.1% to lowest level in 9 years

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(March 1): Genting Hong Kong Ltd shares fell 9.1% in Hong Kong trading, more than any full-day drop since March 2, 2018, while Hong Kong's benchmark index advanced.

Market Metrics

* Shares declined to HK$1, lower than any close since July 2009, from HK$1.10 in the previous session.

* Trading volume was 3% more than the 20-day average for this time of day.

* The Hang Seng Index gained 0.5%, and the MSCI AC Asia Pacific Index rose 0.2%.

* The relative strength index on the stock was below 30, indicating it may be oversold.

Market Insights

* In the past year, the stock had a similar or greater loss once at the close.

* Stock declined 37% in the past 52 weeks as the Hang Seng Index lost 7.3%.