KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
As the year 2009 is coming to an end, we should start setting financial goals for year 2010. Financial goals are needed so that we can control our day-to-day financial affairs which will be executed by creating and following a budget. Good financial goals are usually realistic and achievable and will give satisfaction to one. It doesn't serve a purpose if a person earning 10,000 a year setting a goal which is to save 20,000 a year because it is impossible to achieve. Not only that, it will then demoralize him or her. There are few steps to set financial goals:- Identify and write down your goals. Break goals down into short-term goals and long-term goal - timeline could be differ; eg. some might take few months as short-term where as some will consider it as long-term Educate yourself and plan - Learn the debts and assets that we have, and to look into the expenses. Then plan a budget . Follow the budget with discipline and diligently . Evaluate your progress - it doesn...