KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
The Employee Provident Fund (EPF) continue to see positive return in their investment income. In comparison to a year earlier, the investment income saw a 9.73% increase in the second quarter of 2015, on a higher equity and real estate portfolio.
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| EPF maintains their performance for 1H2015 |
The 1H15 income increased to RM22.04 billion from RM19.23 billion a year earlier.
“Despite very challenging conditions, our performance for the first six months of 2015 was strongly supported by our well-diversified portfolio and the strengthening of the USD had also enhanced the returns from our international investments.
“While we were able to maintain the previous quarter’s momentum, we are currently seeing greater volatility in the financial markets. The anticipation of interest rate hike in the United States as well as economic slowdown in China and other emerging countries are the prevailing concerns. It will be challenging for the EPF to sustain the first half’s momentum for the remaining part of the year,” CEO of EPF, Datuk Shahril Ridza Ridzuan said.
source: http://www.theedgemarkets.com/my/article/epf%E2%80%99s-1h-investment-income-year-rm2204b
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