KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
EPF announces 6.35% dividend for financial year 2013 and it was the highest in the last decade. Below is some news snippet from The Star.
KUALA LUMPUR: The Employees Provident Fund (EPF) announced a 6.35% dividend for 2013, higher than the 6.15% declared for 2012. EPF chairman Tan Sri Samsudin Osman said in a statement on Sunday that this would involve the highest sum in dividend payout to subscribers, totalling RM31.20bil.
It is 13.66% higher than the total dividend payout in 2012, which was RM27.45bil, he added.
Samsudin said the dividend rate was declared on the back of a record gross investment income of RM35bil, a 12.81% rise from the RM31.02bil gross investment income recorded in 2012.
"The 2013 dividend payout was derived after deducting the net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges as well as dividend on withdrawals," he said.
Samsudin said equities emerged as the largest contributor to the EPF's gross investment income in 2013, generating RM19.52bil of income, a significant increase of 40.39% compared with RM13.90bil recorded in 2012.
"EPF's equities portfolio generated double-digit realised returns, exceeding the performance of other similar funds," he said.
Samsudin also said the strong performance in its equities portfolio was helped by the local and global indices reaching new highs. - Bernama
KUALA LUMPUR: The Employees Provident Fund (EPF) announced a 6.35% dividend for 2013, higher than the 6.15% declared for 2012. EPF chairman Tan Sri Samsudin Osman said in a statement on Sunday that this would involve the highest sum in dividend payout to subscribers, totalling RM31.20bil.
It is 13.66% higher than the total dividend payout in 2012, which was RM27.45bil, he added.
Samsudin said the dividend rate was declared on the back of a record gross investment income of RM35bil, a 12.81% rise from the RM31.02bil gross investment income recorded in 2012.
"The 2013 dividend payout was derived after deducting the net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges as well as dividend on withdrawals," he said.
Samsudin said equities emerged as the largest contributor to the EPF's gross investment income in 2013, generating RM19.52bil of income, a significant increase of 40.39% compared with RM13.90bil recorded in 2012.
"EPF's equities portfolio generated double-digit realised returns, exceeding the performance of other similar funds," he said.
Samsudin also said the strong performance in its equities portfolio was helped by the local and global indices reaching new highs. - Bernama
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