KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
Recently I have learned that a lot of my colleagues, who are few years my junior bought their 1st property right after they start to work and it seems that it is slightly contradict with the article "The young find it difficult to afford a home" from The Star - which brings me to think that it could be the mindset between people from the northern region with the people living in the central region of the peninsula. I see that the people from the northern region, especially the Chinese tend to believe that property is a good investment and one should always get the first property at very young age. Although I personally don't agree on buying property right after getting the first job, I agree that purchasing property must be at young age - and we should not aim for the high-end property but rather the kind of property that we can afford at that time. I personally agree with Malaysian Institute of Estate Agents (MIEA) president Siva Shanker that the Gen-Y definitely n...