KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia ended lower today, with the benchmark index declining 0.5 per cent, weighed down by selected heavyweights led by Press Metal, IHH Healthcare, and Tenaga Nasional. Press Metal shed 16 sen to RM4.87, IHH Healthcare dipped 14 sen to RM6.75, and TNB slipped 18 sen to RM13.58. These stocks resulted in a 6.12-point decline in the benchmark index. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.61 points to 1,518.91 versus Wednesday’s close of 1,526.52. The benchmark index opened 9.22 points lower at 1,517.30 and fluctuated between 1,512.32 and 1,524.41 throughout the day. In the broader market, losers thumped gainers 548 to 357, while 448 counters were unchanged, 994 untraded and eight suspended. Turnover rose to 2.51 billion units valued at RM1.81 billion against Wednesday’s 2.37 billion units valued at RM2.03 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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