KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
I posted something on The Global Competitiveness Report 2010-2011 last week and get a comment from a reader named Aaron asking on how the Global Competitiveness Index is calculated by the World Economic Forum. The following is his comment aaron said... So how is the Global Competitiveness Index calculated and what does this say about the economy, as I see that Canada has slipped down one place too? As we all know, all these reports and indexes are just number that the World Economic Forum put in based on their perception using some of the guidelines from the forum. To me, the drop of a country in the Global Competitiveness Index means one and only thing - too many red tapes which makes it difficult to do a business with the nation. Well, that is just my opinion. Anyway after getting the comment from Aaron, I feel that it is also good for me to learn new stuff by learning how the Global Competitiveness Index is calculated by the World Economic Forum, thus I do a search from the Wor...