Genting Singapore falls to lowest in nearly 5 years

[SINGAPORE] Shares of Genting Singapore slumped to their lowest since May 2010 after the casino operator reported a 30 per cent drop in fourth-quarter profit, hurt by poor performance in its business from high rollers.

Genting's shares, which dropped as much as 6.7 per cent to a session low of 97.50 Singapore cents, were the biggest losers in the 30-share Straits Times Index, up 0.2 per cent.

Nearly 22 million shares changed hands in the first few minutes of trade, double the average full-day trading volume over the last 30 days.

REUTERS