KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Discover the New Cash Plus Feature in Moomoo MY!
Are you looking for a smart, secure way to grow your savings? Look no further! Moomoo MY has just launched Cash Plus, a fantastic new feature designed for conservative investors. With Cash Plus, you can invest in high-security monetary instruments like government short-term bonds and bank fixed deposits, all while enjoying daily earnings and high returns.
Ready to start your investment journey? Sign up for Moomoo MY now and take advantage of Cash Plus today!
What is Cash Plus?
Cash Plus is a smart investment option for conservative investors, focusing on high-security monetary instruments like government short-term bonds and bank fixed deposits. It primarily invests in 100% cash assets, mainly in Malaysian Ringgit bank fixed deposits.
Why Choose Cash Plus?
1. High Returns
• Daily Earnings: Enjoy an annualized return of up to 3.5%, even on market holidays!
• Promotion: Subscribe with a minimum of RM5,000 and get a RM10 cash rebate.
• Comparison: While mainstream banks in Malaysia offer fixed deposit rates of 2.6% to 3% for 12 months, Moomoo Cash Plus offers up to 3.5% with no lock-in period. This is because Cash Plus invests in MYR Money Market Funds (MMFs), which can achieve higher yields due to their larger asset base and backing by fund companies.
2. Lower Risk
• Certified Licensed Broker: Futu is regulated by the Securities Commission Malaysia (SCM) and holds 57 global licenses.
• Most Downloaded Broker App: The Moomoo app is highly trusted and ranks first in downloads among Malaysian investors.
• CMC Fund Protection: If the company goes bankrupt, users can claim up to RM100,000 from the Capital Market Compensation Fund.
• Customer Recognition: With over 100,000 users in Singapore, Cash Plus generated over 20 million SGD for clients in 2023. Even novice investors can start with as little as RM0.01.
Note: Lower risk does not mean zero risk. Fund fluctuations are normal, and profits or minimum returns are not guaranteed.
3. Low Entry Threshold
• Affordable Investment: Start investing with as little as RM0.01, with no upper limit.
• Comparison: Most banks and securities firms have high investment thresholds, but Cash Plus is accessible even to novice investors. For example, Touch 'n Go eWallet’s money market fund has a subscription threshold of RM10, with an upper limit of RM9,500.
Cash Plus is a great way to start your investment journey with minimal risk and high returns. Whether you’re a seasoned investor or just starting, Cash Plus offers a flexible and rewarding investment option.
4. Flexibility
Investing in stocks often means waiting for the right market entry opportunity, and you don’t want your idle cash just “laying around.” With Cash Plus, you can earn daily returns while waiting. You can redeem your funds at any time without any fees for subscription or redemption. The redeemed funds can be immediately used for stock trading, and even if the funds haven’t arrived yet, they can be counted as purchasing power for trading. This makes investment adjustments more convenient, allowing you to balance trading profits without compromising.
Compared to other products:
Cash Plus: No high redemption thresholds, unlike bank fixed deposits which can require tens of thousands of ringgit. Bank fixed deposits in Malaysia typically have terms ranging from 1 to 60 months, and early withdrawal results in a loss of interest.
StashAway: Takes 2-3 business days to process deposits and 3-4 business days for withdrawals.
Cash Plus: Offers a T+1 redemption time, providing better liquidity for funds.
5. Shariah-Compliant
Cash Plus selects funds that comply with Islamic Shariah principles. Among the MYR Money Market Funds (MMFs), the Maybank Retail Money Market-I Fund is Shariah-compliant and available for subscription by Malaysian Muslims. This fund aims to provide investors with liquidity and a regular income stream to meet their cash flow needs in accordance with Islamic law, while preserving capital.
Compared to other products:
Cash Plus: Holds 100% cash-like assets, primarily investing in bank fixed deposits denominated in Malaysian Ringgit.
GXBank: Malaysia’s first digital bank, offering cash management services through a savings account with an annualized return of 3%. However, GXBank’s investments and returns do not comply with Islamic principles, making it unavailable for subscription to over 50% of the Malaysian population who practice Islam.
Cash Plus is a great way to start your investment journey with minimal risk and high returns. Whether you’re a seasoned investor or just starting, Cash Plus offers a flexible and rewarding investment option.
Comments
Post a Comment