KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
Well, guess what....the long awaited EPF dividend annoucement for most Malaysians is finally over. EPF declares 5.8% dividend in a year. Read more for the explanation from the EPF. I will blog a post that will again compare EPF vs KLCI maybe by end of this week.
PETALING JAYA: The Employees Provident Fund (EPF) has declared a dividend of 5.8% for 2010, up from 5.65% declared the year before.
It will pay out a total of RM21.61bil to members, an increase from the 2009 dividend payout of RM19.37bil.
EPF declared that the rate, which was approved by the Finance Minister, was the “highest dividend payout amount ever”.
EPF’s total investment assets stood at RM440.52bil as at Dec 31 last year while its gross investment income was RM24.06bil.
“The dividend rate underscores an impressive year in which gross investment income reached a historical high of RM24.06bil, reflecting a 39.76% increase over the RM17.22bil recorded in 2009,” EPF chairman Tan Sri Samsudin Osman said in a statement yesterday.
Samsudin said last year’s investment income was especially driven by the performance of equity investments boosted by improved financial and economic conditions.
“The dividend amount paid out is derived after deducting net impairment allowance on financial assets, investment expenses, operating expenditure and statutory charges as well as dividend on withdrawals,” he said.
Equities, the statement said, was EPF’s largest investment income contributor at 45.45% or RM10.94bil, followed by loans and bonds, Malaysian Government Securities, money market instruments and property and miscellaneous income.
According to the statement, two-thirds of EPF’s total investment assets last year remained in low risk fixed-income instruments with stable streams of income.
“As a retirement fund, our primary objective is the preservation of capital while adding value to members’ retirement savings.
Members may check their EPF account statement for the crediting of the 2010 dividend via EPF Kiosks, counters or i-Akaun, from today.
PETALING JAYA: The Employees Provident Fund (EPF) has declared a dividend of 5.8% for 2010, up from 5.65% declared the year before.
It will pay out a total of RM21.61bil to members, an increase from the 2009 dividend payout of RM19.37bil.
EPF declared that the rate, which was approved by the Finance Minister, was the “highest dividend payout amount ever”.
EPF’s total investment assets stood at RM440.52bil as at Dec 31 last year while its gross investment income was RM24.06bil.
“The dividend rate underscores an impressive year in which gross investment income reached a historical high of RM24.06bil, reflecting a 39.76% increase over the RM17.22bil recorded in 2009,” EPF chairman Tan Sri Samsudin Osman said in a statement yesterday.
Samsudin said last year’s investment income was especially driven by the performance of equity investments boosted by improved financial and economic conditions.
“The dividend amount paid out is derived after deducting net impairment allowance on financial assets, investment expenses, operating expenditure and statutory charges as well as dividend on withdrawals,” he said.
Equities, the statement said, was EPF’s largest investment income contributor at 45.45% or RM10.94bil, followed by loans and bonds, Malaysian Government Securities, money market instruments and property and miscellaneous income.
According to the statement, two-thirds of EPF’s total investment assets last year remained in low risk fixed-income instruments with stable streams of income.
“As a retirement fund, our primary objective is the preservation of capital while adding value to members’ retirement savings.
Members may check their EPF account statement for the crediting of the 2010 dividend via EPF Kiosks, counters or i-Akaun, from today.
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