Shares of Genting companies in Malaysia slide as investors react to Genting Singapore’s leadership change, weak results

[KUALA LUMPUR] Shares of Genting-linked companies tumbled on Thursday (May 15) as investors digested a surprise CEO exit at Genting Singapore and fresh concerns over corporate governance, amid broader weakness in Malaysia’s equity market.

At the market close on Thursday, Bursa Malaysia-listed Genting Berhad dipped 2.1 per cent or seven sen to RM3.22, while Genting Malaysia fell 1.1 per cent or two sen to RM1.76. 

As at 10.30 am on Friday, Genting Bhd’s share price continued to decline, trading 0.6 per cent lower at RM3.20, while Genting Malaysia was up 0.6 per cent at RM1.77.