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.
Recently the stock market has not been doing very well, whether it is in the local market or in the region or in US or Europe.
For today, the FBMI KLCI ended lower for the second day in a row as weak foreign sentiment weighed down the market. It lost 9.22 points or 0.5% to end at 1824.32 as stocks such as IHH Healthcare Bhd and SapuraKencana Petroleum Berhad declined.
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| FBMKLCI Index |
I guess it's natural for people to panic when they see such a drop, especially if you are buying on news and projects that you heard of.
When you look at the world market, you are probably even more afraid.
Below are the indexes of the world market from Bloomberg.
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| ASIA |
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| AMERICAS |
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| EUROPE |
Red signs are not what investors would wanna see.
But there is one thing that is bigger than the trend, bigger than the volatility of the market...and according to Warren Buffett, it's the business.
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| Warren Buffett in an interview with CNN |
The man known as America's greatest investor isn't bothered by stock market volatility.
"I have no idea what the stock market's going to do tomorrow or next week or next month or next year," said Berkshire Hathaway Chairman and CEO Warren Buffett.
"If you own your stocks as an investment—just like you'd own an apartment, house or a farm—look at them as a business," Buffett advised. "If you're going to try to buy and sell them based on news or something your neighbor tells you, you're not going to do well. Find a good bunch of businesses and hold them."
"You will not make money trying to sell stocks daily or weekly," Buffett said.
So, if you are holding a stock that you know the business is good and that the prospect moving forward is great, why fear the volatility?
Another famous quote by Buffett:
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