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Showing posts from April, 2011

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Market Daily Report: Bursa Malaysia Rebounds To Reclaim 1,700 Level At Close

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.

2011 Financial Goal

Previously by the end of 2009, I would already have the 2010 financial goals , but I did not manage to post my 2011 financial goals by the end of 2010. A lot of reasons behind, but mainly due to laziness. :p Anyway, I don't expect this year financial goals will have much different compare to the 2010 financial goals mainly because there are not much changes in my current financial status. The generic financial goals would be:- Continue tithing Clearing 10% debt Stocks portfolio to grow another 15% (why I lowered it this year is because market been going up a lot last year, so, it would be not to grow so aggressively) I am thinking to clear more loan and keep more cash in hand rather than putting more in the stocks as the direction of the stocks become more volatile. Last year besides growing about 30%, I also inject about additional 20% of my annual income to the stocks - however this year, I'm thinking of injecting maybe about 10%-15% of my annual income. Other thing that I w...