Bursa, key Asian markets slip over Brexit debacle

KUALA LUMPUR: Bursa Malaysia and key Asian markets fell in early Wednesday trade as investor sentiment took a knock over the debacle involving Britain’s move to exit the European Union.

At 9.21am, the FBM KLCI was down 3.18 points or 0.2% to 1,570.91. Turnover was 422.22 million shares valued at RM172.36mil. There were 206 gainers, 142 losers and 247 counters unchanged.

Foreign funds were net buyers on Tuesday at RM217.7mil while local institutions were net sellers at -RM215.4mil and local retail investors at RM2.2mil.

Asian shares and US stock futures dipped on Wednesday after British lawmakers rejected the government’s timetable to fast-track legislation for its deal to take Britain out of the EU, Reuters reported.

HLFG fell 44 sen to RM16.58 with 300 shares done, Tenaga Nasional lost eight sen to RM13.72, Petron six sen to RM5, QL Resources and MBL five sen each to RM7.07 and RM1.14.

Public Bank and PPB Group shed four sen each to RM19.26 and RM17.96.

Petronas Gas and KESM rose 18 sen each to RM16.98 and RM8.53. SCIB advanced 18 sen also to RM1.79, MISC 16 sen each to RM8.41 and Serba Dinamik six sen to RM4.29.

Bumi Armada inched up 1.5 sen to 41.5 sen in active trade after skidding the previous day. SAPURA ENERGY added one sen to 27 sen.

Source: TheStar