KUALA LUMPUR: Shares of Genting Malaysia Bhd closed in the red, while Berjaya Corp Bhd (BCorp) gained today following reports of a casino licence for Forest City in Johor.
At 5pm, Genting's share price slipped 1.13 per cent or three sen to RM2.62 versus Wednesday's close of RM2.65.
The stock opened marginally higher at RM2.66 and had been on the downtrend since the opening bell.
It reached the lowest level of RM2.60, down 1.89 per cent throughout the trading day.
Conversely, BCorp's share price closed on a positive note.
It was up 3.51 per cent or one sen to 29.5 sen at closing bell, versus Wednesday's close of 28.5 sen.
The company's share price opened slightly higher at 29.5 sen before rising as much as 12.3 per cent to 32 sen throughout the trading period.
Prime Minister Datuk Seri Anwar Ibrahim today denied reports that the government was mulling a casino licence to revive Forest City in Johor.
In a brief response to the media, Anwar said news of the casino licence is a "lie" and is "not right".
A Bloomberg report today claimed that Malaysia was in early discussions with tycoons on opening a casino in Forest City, in efforts to revive the RM478.35 billion property project.
Quoting sources, it said Anwar had met with BCorp's founder Tan Sri Vincent Tan and Genting Group's Tan Sri Lim Kok Thay last week at the development in Johor.
Forest City is built on land near Singapore, which is linked to Johor by bridge.