KUALA LUMPUR, Sept 7 (Bernama) -- Bursa Malaysia traded higher on Monday, supported by renewed buying interest in selected banking and telecommunications heavyweights, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.69 points, or 0.39 per cent, to 1,714.79, compared with Friday’s close of 1,708.10. The benchmark index opened 1.60 points higher at 1,709.70 and fluctuated between 1,708.26 and 1,715.29 throughout the trading session. The broader market, however, was negative with losers outpacing gainers 611 to 488, while 580 counters were unchanged, 1,109 untraded and 25 suspended. Turnover declined to 3.60 billion units valued at RM2.45 billion from 4.33 billion units valued at RM2.98 billion on Friday.
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...