KUALA LUMPUR, March 28 (Bernama) -- Bursa Malaysia closed lower today on profit-taking after a strong three-day rally, and investor sentiment was further shaken in the late afternoon session following news of an earthquake in Myanmar with tremors felt in neighbouring Thailand, said Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 1.44 per cent or 22.08 points to 1,513.65, its intraday low, from Thursday’s close of 1,535.73. The benchmark index opened 4.16 points lower at 1,531.57 and hit an intraday high of 1,533.52 during the midday session. On the broader market, decliners outpaced gainers 563 to 395, while 408 counters were unchanged, 1,106 untraded, and 133 suspended. Turnover slipped to 2.25 billion units valued at RM2.13 billion from 2.52 billion units worth RM2.41 billion on Thursday.
The earnings report is out for Microsoft Corp. Behind the big figures, statistics indicate Microsoft going the Right Direction Microsoft's earnings today gave plenty of reasons for one to be positive about the company although it also saw the impact of a $2.1 billion operating loss factored in from the Nokia writeoff. Looking at the off balance sheet revenues in Microsoft, you can see that there is a $ 24.5 billion basically locked down, but that hasn’t been delivered yet. It is likely that Microsoft Office 365, the company's cloud-delivered, subscription-based productivity suite is the driving force for a significant amount on Microsoft's off-balance sheet revenues. It is obvious that the company is loving subscription methods to earn money more as the company switch their business focus. Microsoft Office 365 is the biggest revenue driver of the company’s enterprise cloud offerings. And it’s growing fast: Microsoft reported today that Office 365 has adde...