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.
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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