Current Affairs

Entertainment, Gambling & Liquor Stock Prices Dip Sharply On Bursa Malaysia

Going down.

It was all red for entertainment, gambling and liquor stock prices on Bursa Malaysia as investors rushed to sell off their shares.

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According to The Star, Genting lost 34 sen to RM4.14, Genting Malaysia lost 19 sen RM2.52, Carlsberg lost RM1.10 to RM22.10, while Heineken dropped RM1.24 to RM23.50.

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Bursa malaysia
Photo via NST

This comes after PAS emerged as the biggest party in Parliament after winning 44 seats in GE15, leading investors to fear that Malaysia may be embarking on a path to creating a conservative government.

Meanwhile, the local stock market also saw an overall dip thanks to post-GE15 jitters, where the results led to a hung Parliament.

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As of 9.05am, the FBM KLCI plummeted by 14.29 points to 1,435.03, while the overall market was negative with 426 decliners and 45 gainers.


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