KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 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...