KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
Well, now that I'm in the Investment department, I decided that maybe it's time to share some of the investment terms that I've learned....hopefully, there will be those of you out there who could share more in the process as well, so that we can learn together.
Anyway, today I learned about this term: 'Maastricht Treaty', formerly known as the Treaty on European Union (TEU)
Well, it is an important term because this is a treaty that is responsible and lead us to what is known as today, the "European Union".
It's known as Maastricht Treaty because it was signed in Maastricht, a city in the Netherlands, on February 7, 1992, by the leaders of 12 member nations. This treaty signifies the serious intentions for all countries to create a common economic and monetary union. The treaty required voters in each country to approve the European Union, which proved to be a hotly debated topic in many areas. The agreement took effect on November 1, 1993, with the creation of the European Union and has since been amended by other treaties.
Well, if you are wondering why is this important...then you must know that this is the pillar structure of the European Union. With so many questions on the EU after the economy downturn that hit Europe, it is indeed important to look back at these core structures that kickstart the EU.
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