KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
Malaysia Budget for the Year 2012: "National Transformation Policy: Welfare for the Rakyat, Well-Being of the Nation"
The followings are the key take away from the Malaysia Budget for the Year 2012 which was tabled by the Malaysia Prime Minister, Dato Seri Najib Tun Razak last Friday in the Parliament. - The theme for Budget 2012 is “National Transformation Policy: Welfare for the Rakyat, Well-Being of the Nation” - Last year our FDI growth was the strongest in Asia and in the first 6 months of this year have already reached RM21.2bil - In 2012, private investment is forecast to climb 15.9%, supported by foreign and domestic investment - GDP in the first 6 months of 2011 was 4.4%, driven by strong domestic consumption - In 2011, the economy is forecast to grow by 5-5.5% - Private and public investment are forecast to increase by 15.9% and 7%, supported by foreign investment, the ETP and 10MP - In 2012, the service sector is expected to grow 6.5%, the construction sector 7% and GDP is forecast to be between 5 and 6% - Budget 2012 allocates RM232.8bil for Government plans, including RM181.6bil for manag...