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.
"Price is what you pay. Value is what you get." This is one of the famous Warren Buffett's quote that I like most. In fact, this has become one of my motto whenever I do shopping, be it in the stocks exchange, or in my day to day shopping routine like groceries, buying clothes or investing in transportation mode and expensive gadgets. Ok. Why do I think this quote relates to the blog until I put it as the Quote of the Day? Well, let just say I just want to remind myself that price is only something that I will need to pay and it is the value that I should look into on something that I wanted to invest, be it stocks or clothes or food or many other more. So, in other words, this quote can apply to almost everything in our daily life. Let me give an example over here. Hmm....let me see, well, I have few pairs of sport shoes, different brands and price range as well. I usually will get a pair of shoes made locally, price range about RM60-RM70. Here is what value and the less...