Genting Malaysia opens marginally lower before rebounding post fire at Sky Avenue, Resorts World Genting

KUALA LUMPUR: Genting Malaysia Bhd's share price opened one sen lower at RM2.55 a share before rebounding, in its first trading day after a fire broke out at Sky Avenue, Resorts World Genting last Friday.

As at 9.45am, it was trading 0.39 per cent higher at RM2.57 a share, giving it a market capitalisation of RM15.26 billion.

Some 2.11 million shares changed hands.

Last Friday, a fire broke out at Sky Avenue at around 4.30pm.

It was extinguished at 7.15pm and according to Resorts World Genting's X post at 11.28pm last Friday, the Fire Rescue Department gave clearance to reopen SkyAvenue.

It said a majority of the outlets at Sky Avenue were open while a few near the affected area were closed.

Its theme parks Genting SkyWorlds and Skytropolis were unaffected.

Awana Skyway was also operational.

Genting Malaysia's leisure and hospitality business in Malaysia made up about 63 per cent of its revenue in financial year ended Dec 31, 2023.

Besides Resorts World Genting, it also runs Resorts World Kijal in Terengganu and Resorts World Langkawi on Langkawi Island.

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