Malaysian stocks seen easier, Genting in focus
KUALA LUMPUR, Dec 1 (Reuters) - Malaysian stocks are expected to open lower on Monday, dragged down by extended selling in shares of power-to-gaming firm Genting Bhd.
"I think most investors will still be sidelined despite Wall Street ending higher last week. Overall, sentiment is still quite weak," said an institutional dealer at a bank-backed brokerage.
Genting shares could continue under pressure after the firm posted a third-quarter loss of 40.4 million Malaysian ringgit ($11.16 million) and warned that its
On Friday,
U.S stocks rose on light volume in an abbreviated session as investors hoped government and central bank moves unveiled last week would boost the economy.
"Generally, there is still some buying in the market but it's not aggressive. And since we're approaching the year-end, there's not much to look forward to," the institutional dealer said.
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