KUALA LUMPUR, April 16 (Bernama) -- Bursa Malaysia ended lower today, weighed down by persistent profit-taking amid ongoing concerns over global trade tariffs. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 9.51 points, or 0.64 per cent, to 1,476.92 compared to Tuesday’s close of 1,486.43. The benchmark index opened 0.02 of-a-point higher to 1,486.45 and moved between 1,472.84 and 1,487.50 throughout the day. In the broader market, decliners outpaced gainers 573 to 320, while 434 counters were unchanged, 1,071 untraded, and nine others suspended. Turnover slipped to 3.00 billion units valued at RM1.65 billion from 3.36 billion units valued at RM1.91 billion on Tuesday.
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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