Stocks on the move include:
**RESORTS JUMPS 5.81 PCT ON VALUATION, M&A SPECULATION
Shares of Malaysian casino operator Resorts World were sharply higher on Monday as the stock is trading at a steep discount to its parent Genting.
By the midday break, Resorts shares rose 5.81 percent to 2.73 ringgit on volume of 26.96 million shares.
Genting was up 3.85 percent at 5.40 ringgit.
Based on Resort's forward price-to-earnings ratios, the stock is 18 percent cheaper than Genting, said OSK Investment Bank. It used to trade at a 10-20 percent premium to Genting, it said.
Resorts shares also rose on speculation that the company may make acquisitions in Macau or Las Vegas after it and Genting announced last week that they have purchased debt papers issued by U.S. casino operator MGM Mirage.
The two Malaysian companies said they each bought $50 million worth of senior secured notes issued by MGM Mirage to boost returns on their existing cash balances.
MGM Mirage, which owns and operates casinos in Las Vegas, has a 50 percent stake of MGM Grand Macau, a 600-room casino resort in Macau.
