KUALA LUMPUR, March 28 (Bernama) -- Bursa Malaysia closed lower today on profit-taking after a strong three-day rally, and investor sentiment was further shaken in the late afternoon session following news of an earthquake in Myanmar with tremors felt in neighbouring Thailand, said Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 1.44 per cent or 22.08 points to 1,513.65, its intraday low, from Thursday’s close of 1,535.73. The benchmark index opened 4.16 points lower at 1,531.57 and hit an intraday high of 1,533.52 during the midday session. On the broader market, decliners outpaced gainers 563 to 395, while 408 counters were unchanged, 1,106 untraded, and 133 suspended. Turnover slipped to 2.25 billion units valued at RM2.13 billion from 2.52 billion units worth RM2.41 billion on Thursday.
If you are on your own, you’re probably not saving enough for retirement. That’s the conclusion of a new study published this week by the National Bureau of Economic Research on retirement readiness from two researchers at the RAND Corporation, a non-profit research firm. In Economic Preparation for Retirement, Michael Hurd and Susann Rohwedder found that 51% of the single people in the group of 66-to-69 year olds they looked at had a strong possibility of running into serious financial troubles in retirement. By comparison, only 23% of the couples in the study were at risk of outliving their savings. The group with the most retirement risk? Women who had not completed a high school education. Of that group, 73% are likely to run out of cash before they die. Surprisingly, though, the study found that Americans are, on average, better prepared for retirement than many believe. The study looked at the finances of early baby boomers, who have recently retired or are near retirement. ...