Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
As we stare at the global economy slowdown, we should keep asking ourselves, "Are we prepared for it?" Are we confident enough to declare that we have prepare for the worse? Some might be quite relief that the crude oil price has been going down for few days but we don't know how long this will last. Even if the crude oil price remain downtrend, we cannot let our guard off. To prepare for it, one must always ensure there's sufficient fund in hand, if and only if the global economy slowdown. Even if you can keep your job, the money will come in handy especially if the stock market collapse. Can really get good deal during the market collapse. In fact, the money can be used to buy property at very low price. Usually when comodities reach historical high, cash is king. But I'm the kind of guy who believe that the market will rebound one day, which is why I will continue to accumulate the high dividend yield counter, so that I can have passive income. And again, we ar...