KUALA LUMPUR (June 27): The FBM KLCI is expected to remain weak today in line with global markets still reeling from Britain’s decision to exit the European Union following the referendum on June 23.

Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government bonds, according to Reuters.

The blow to investor confidence and the uncertainty the vote sparked could keep the U.S. Federal Reserve from raising interest rates as planned this year, and even spark a new round of emergency policy easing from major central banks, it said.

Jameel Ahmad, VP of Market Research at FXTM said that the financial markets and spectators across the globe were in a complete state of shock following the unexpected outcome to the EU referendum that the UK has voted to leave the European Union.

“Investors were guilty of ignoring the consistent opinion polls that repeatedly pointed out that the vote was going to be close and as a result, the possibility of a UK exit had been severely under-priced throughout the financial markets.

“Make no mistake, around this time last year the markets were in complete pandemonium over what implications a “Grexit” could have on the global markets and the ramifications of a “Brexit” will carry far more severe risks,” Jameel said in a note last Friday.

Based on corporate news flow and announcements today, stocks in focus next Monday (June 27) could include: Berjaya Assets Bhd, MyEG Services Bhd, Sime Darby Bhd, SP Setia Bhd, Eco World International Bhd, Kimlun Corporation, Kelington Group Bhd, REDtone International Bhd, Oriental Interest Bhd and Red Sena Bhd.