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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 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.

Discipline

Recently I just got my salary. Usually before I withdraw the money, I will do a budget and this time is not an exception. Although my net income for the month is suppose to be higher than what I usually got, I was surprised that after paying for almost what I spent, and owed, I was left almost nothing much for investment. Then, in my heart, I start to think, "Why we're always lacking of money? Is it because of really lack of money, or just that I want to have more?" Sometimes I started to blame GOD on why I do not have enough. Well, then I started to think, "How much is enough? When will I stop this childish thinking that I don't have enough?" I must not forget, although my salary is not high, but it is a lot higher compares to those earning less than RM1000 per month. In fact, there's a lot of people earning few hundreds but they still move on. I do not know whether they complain like I did, but I'm sure it will be really tough to survive in Malaysi...

My Point Of View On This Week's Stock Market

KLSE has been going down since the day Malaysia Prime Minister Datuk Seri Abdullah Ahmad Badawi announced to dissolve the Parliament and to have a General Election on the 8th of March. If we look at our bourse compare to others in the region, KLSE never go to green zone, even when the DJIA closed in green. A lot of factors contribute to this heavy selldown of KLSE. One of it is the profit taking activities by the speculators . Another would be the selling of Gamuda , which is the country's 2nd largest construction player. Datuk Lin Yun Ling cut his stake to 1.7% from 5.2%. Discussion has been going on this counter whether this could turn out to be another Transmile as Datuk Lin is not just an ordinary shareholder, but he is the MD as well. A lot of investors fear the worse has yet to come decided to even cut loss and Gamuda continue to drop. And at one point yesterday, Gamuda reach 3.78, which is very tempting. Too bad I was not around to monitor as I went for my group's teambu...
Can blogging make me rich? A lot of people tend to believe that blogging can make you rich but the fact is that blogging will not and in fact, if you don't love to blog, don't even think of making money this way . Blogging is never a way to get RICH FAST .... it will only provide you the extra income as a bonus especially if you love to blog. ADSENSE, ADBRITE and many other Advertisement company offer you lil money while putting advertisement into your blog. But let us get back to Earth, all these companies have their own terms and regulations to protect themselves from giving money to people who simply set up a blog and click on the ads. To make more money, blogging can give you your bonus but not like what some may said that they only blog and wait for those ADVERTISEMENT COMPANY to pay them. Nevertheless blogging is one the ways to open up your network and also to earn credit for having able to share your perspective and ideas to the world through the internet. In a way, if...