KLCI erases losses on CIMB and Genting, amid U.S. election uncertainty - News Summed Up

KLCI erases losses on CIMB and Genting, amid U.S. election uncertainty


KUALA LUMPUR (Nov 4): The FBM KLCI rose 0.16 point on gains in stocks, including CIMB Group Holdings Bhd and Genting Bhd. The KLCI erased losses after volatile trade ahead of the U.S. presidential election this Tuesday (Nov 8). Genting Bhd rose 23 sen to RM7.80 to become Bursa Malaysia's second-largest gainer. Genting Bhd shares rose after its 52.89%-owned subsidiary Genting Singapore PLC reported a 187% increase in third quarter net profit from a year earlier. CIMB shares rose as investors bargain-hunted for the stock, after the shares fell to their intraday low at RM4.72.


Source: The Edge Markets November 04, 2016 10:14 UTC



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