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.
As we all might have know by now that the Ron95 petrol price up by 20c beginning 2nd October 2014, 12.00 a.m as part of the subsidy rationalization move by the government. In fact, after the announcement of the petrol hike, the petrol stations are jammed with the citizen rushing out to fill up the tank in order to save some money. While the effort might save a few ringgit and it is a one time effort, still a lot of Malaysians are doing so, knowing that every penny saved count. This is why for the past few years, cash rebate credit cards are gaining popularity in Malaysia - especially those credit cards that offer the cash rebate for petrol like the Maybank 2 card, Citibank Cash Back card, UOB One card and Hong Leong Bank Wise card. Before this OCBC Titanium is popular due to its 5% on petrol and dining and capped at RM50 cash back per month, however the offer ended and it is now offering 1% unlimited cash back. The attached is the comparison of the 4 most attractive cash rebate...