KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia closed lower on Friday as buying interest shifted from index heavyweights to smaller-cap technology and telecommunications stocks as well as real estate investment trusts (REITs). At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 15.94 points, or 0.98 per cent, to 1,607.76 from Thursday’s close of 1,623.70. The benchmark index, which opened 1.13 points higher at 1,624.83, moved between 1,602.98 and 1,626.34 throughout the session. On the broader market, gainers outnumbered decliners 597 to 470, while 518 counters were unchanged, 1,258 untraded and 33 suspended. Turnover rose 3.13 billion units worth RM3.27 billion from 3.06 billion units worth RM3.03 billion on Thursday.
I watched Wall Street: Money Never Sleeps and I found that one of the easily remembered quote by Gordon Gekko is "Greed is good" with the full context of "Greed, for lack of a better word, is good". It is not that I agree with Gordon Gekko that greed is really good, but without greed, I do feel like one will lose the competency to try strive for more and better quality life by earning more money. In the movie Wall Street: Money Never Sleeps, Gordon Gekko was a "shark" as what we all call the fund managers and all the people with loads of money to control the stock price. Many terms are associated with these people as they have the capability to influence the global market movement. Anyway, back to the movie, as he was giving a talk on trading, he mentioned, "Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit. Greed, in all of its forms; gre...