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Malaysian shares end week up in thin trade

Malaysian shares end week up in thin trade

Shares in Malaysia ended the week up Friday in thin trade, led by gaming concern Genting Bhd's rise on speculation surrounding one of its competitors in the bid to build one of Singapore's two casinos.
The Kuala Lumpur Composite Index was up 0.2 percent to 970.98 points, with 355 counters showing gains. There were 318 losers, while 342 others were unchanged at market's close Friday.
The market focused on penny stocks, a dealer said, with heavyweight counters mostly flat.
The Islamic fasting month of Ramadan has also put a dampener on the market, with no major announcements expected during this period in the Muslim-majority Southeast Asian nation.
Genting's rise on heavy volume was due to speculation that rival Harrah's Entertainment could pull out of the race to build the city-state's second billion dollar casino resort.
The conglomerate's share price rose 3.1 percent to 25.25 ringgit (US$6.86;


Updated : 2021-07-29 18:30 GMT+08:00