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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec

Investment Strategy: Warren's Way

Recently I've been reading the book "Intelligent Investor" by Benjamin Graham and I came across chapter 15: Stock Selection for the Enterprising Investor . In that chapter, there was a part that talks about Warren's way of investing and I find it to be something worth sharing with you guys. WARREN'S WAY Warren Buffett, perhaps the most successful investor, who happened to be Benjamin Graham's most acknowledged and popular student. Buffett and his partner, Charles Munger combined Graham's "margin of safety" and detachment from the market with their own innovative emphasis on future growth.  Warren's Way He looks for what he calls "franchise" companies with strong consumer brands, easily understandable business, robust financial health, and near monopolies in their market like H & R Block, Gillette, and the Washington Post Co. Buffett loves to invest in stock when a scandal, big loss or other bad news passes over it l