KUALA LUMPUR, June 16 (Bernama) -- Bursa Malaysia’s key index extended its rebound for a second consecutive day, closing more than one per cent higher,yh as investor sentiment remained buoyant amid improving regional market conditions and sustained buying interest in heavyweight counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 18.60 points, or 1.10 per cent, to 1,709.99 from yesterday's close of 1,691.39. The key index opened 0.07 of a point weaker at 1,691.32 and moved between 1,685.57 and 1,711.20 throughout the session. Market breadth was positive, with gainers outpacing losers 600 to 552, while 566 counters were unchanged, 991 untraded and 25 suspended. Turnover declined to 3.93 billion units worth RM3.45 billion from 5.02 billion units worth RM3.91 billion on Monday.
After a week of waiting and speculation, finally EPF declares 6.15% dividend for the year 2012, which to me it's not bad. A 0.15% higher than the previous year, although still fall short of our expectation of more than seven to eight percent. KUALA LUMPUR: The Employees Provident Fund (EPF) declared a dividend rate of 6.15 percent for the financial year ended Dec 31, 2012. The dividend rate, an increase of 15 basis points over the 6 percent rate paid out in 2011, translates to a record breaking total of RM27.45bil being distributed to its members, an increase of 12.2 percent over RM24.47bil paid out in the previous year, said EPF Chairman Tan Sri Samsudin Osman on Sunday. “Notwithstanding the increasingly complex investment environment, the EPF maintained its steady upwards momentum to post its strongest set of results since the turn of the millennium, underpinning the effectiveness of its long term investment strategy as well as its disciplined and prudent approach,” he said in ...