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Market Daily Report: Bursa Malaysia Ends Higher In Line With Most Regional Markets

KUALA LUMPUR, Sept 20 (Bernama) -- Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve's substantial interest rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.17 points, or 0.19 per cent, to 1,668.82 at the close from Thursday's close of 1,665.65. It opened 5.03 points higher at 1,670.68, trading between 1,668.48 and 1,674.04 throughout the session. In the broader market, gainers outpaced decliners 732 to 468, while 465 counters were unchanged, 850 untraded and 32 suspended. Turnover swelled to 4.19 billion units worth RM5.97 billion, from Thursday's 3.99 billion units worth RM4.08 billion. UOB Kay Hian Wealth Advisors head of investment research, Mohd Sedek Jantan, noted the FBM KLCI's gains were led by utilities, logistics, and banking stocks, reflecting improved market sentiment. Additiona

Capitalizing on Alphabet's Technological Prowess: A Smart Investment Strategy

Alphabet, the powerhouse behind Google, stands as a beacon of digital innovation. Here are compelling reasons why investing in Alphabet could be a strategic move:


  1. Leading the Digital Advertising Sphere Google's stronghold in search and digital advertising continues to be a major revenue generator. With the expansion of online advertising, Alphabet is poised to reap substantial benefits from this upward trend.

  2. Wide-ranging Revenue Sources Alphabet has strategically expanded beyond advertising into various sectors such as cloud computing with Google Cloud, consumer hardware with Pixel devices, and groundbreaking technologies including Waymo and Verily. This broadened revenue base diminishes its dependency on any single financial avenue.

  3. Dedication to Pioneering Innovations Alphabet's hefty investment in research and development propels forward its innovations in artificial intelligence, autonomous driving technologies, and other avant-garde sectors. This dedication ensures Alphabet a spot at the forefront of technological advancement and secures its long-term growth.

  4. Extensive Global Influence Alphabet's products and services are integral to billions of lives globally, providing it with a massive consumer base and expansive market potential.

Investment Insights:

  • Growth Prospects: Dive into Alphabet for its promising growth trajectory in areas like digital advertising, cloud solutions, and novel technologies.
  • Keep an Eye on Innovation: Stay updated on Alphabet’s advancements in AI, autonomous tech, and more to gauge ongoing and future prospects.
  • Strategic Long-term Holding: Consider maintaining Alphabet stocks in your portfolio over the long haul to maximize benefits from its continuous innovation and diversified income streams.

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