Tuesday 14 June 2016

Malaysian market feeling jittery from Brexit

Shares on Bursa Malaysia extended last week’s losses alongside global markets, with the Brexit referendum and the US Federal Reserve’s policy meeting both coming up in the next ten days, which could have an immediate impact on the capital markets, say analysts.

The FBM KLCI closed down 11.45 points to 1,629.77 points yesterday, with the broader market equally bearish with losers outnumbering gainers by more than three to one.

Local sentiment was also hammered by a steady outflow of foreign funds from the stock market.

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