NST Online Business Times : latest
NST Online Business Times : latest |
| Genting Malaysia gains on Miami resort plan Posted: 18 Sep 2011 06:18 PM PDT Genting Malaysia Bhd, a casino-operator, rose the most in almost two weeks after saying it plans to invest US$3 billion to develop a bayfront resort in Miami, Florida. The stock gained 1.2 percent to RM3.40 at 9:05 a.m. local time in Kuala Lumpur trading, set for its biggest increase since Sept. 7. -- Bloomberg |
| Petronas Gas falls to 8-year low Posted: 18 Sep 2011 06:30 PM PDT Petronas Gas Bhd, a Malaysian gas distributor, fell the most in more than eight years in Kuala Lumpur trading after rallying to a record last week. The stock slid 6.5 percent to RM13.72 at 9:20 a.m. local time, set for its steepest drop since January 2003. It surged 8.7 percent to a record on Sept. 15, raising its 14-day relative strength index to 74, above the 70 level considered by some traders as a sell signal. The shares climbed last week after JPMorgan Chase & Co said the Malaysian gas distributor will gain from rising infrastructure spending in Southeast Asia. -- Bloomberg |
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