KUALA LUMPUR, Sept 25 (Bernama) -- Bursa Malaysia ended flat on Friday amid concerns over rising US Treasury yields and escalation in West Asia. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.69 points, or 0.04 per cent, to 1,671.62, from Thursday’s close of 1,672.31. The benchmark index, which opened 2.56 points higher at 1,674.87, moved between 1,666.99 and 1,675.47 during the day. Market breadth was nearly even, with decliners outnumbering gainers 590 to 575. A total of 534 counters were unchanged, while 1,224 were untraded and 43 suspended. Turnover widened to 4.07 billion units worth RM2.69 billion from 3.32 billion units valued at RM2.74 billion on Thursday.
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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