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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.
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MYR to Other Major Currencies Exchange Rate

Currency exchange rate is also one something that we should always look up on to gauge whether import goods from certain countries is getting cheaper or getting more expensive. Another reason for monitoring the currency exchange rate is so that we can know whether the economy in a country is getting better or worse, although nowadays currency exchange rate has slowly become speculative rather than fundamental. As Malaysian, I am always curious how the country currency perform against some major nations like the United States. Malaysian Ringgit Exchange Rate Currency Exchange Rate
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Economical Way to Lose Weigh

Nowadays, people are slowly aware of the importance and benefits of keeping a body fit. Women choose to lose weight, so that they have better body shape that can indirectly attract attention of men, while many others lose weight to have a healthy living. If there is a need for you to lose weight, you could opt for a smarter and more economical way, the HCG diet . It only cost about 69USD in comparison to those who go for injection or slimming programs that might requires you to dig deep. The effect of HCG treatment is as good as those who go for injection. There will not be any fear of pain as well. If you are not sure about the effectiveness of HCG , here are some basic facts that you should know. HCG is a natural hormone or protein substance that helps burn off unneeded excess fat. It also alter your diet and preference of food in a healthy manner. For those of you who are afraid of side effects, the HCG drops are homeopathic, so they are safe and have virtually no side effects. If y...
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EPF declares 5.8% dividend

Well, guess what....the long awaited EPF dividend annoucement for most Malaysians is finally over. EPF declares 5.8% dividend in a year. Read more for the explanation from the EPF. I will blog a post that will again compare EPF vs KLCI maybe by end of this week. PETALING JAYA: The Employees Provident Fund (EPF) has declared a dividend of 5.8% for 2010, up from 5.65% declared the year before. It will pay out a total of RM21.61bil to members, an increase from the 2009 dividend payout of RM19.37bil. EPF declared that the rate, which was approved by the Finance Minister, was the “highest dividend payout amount ever”. EPF’s total investment assets stood at RM440.52bil as at Dec 31 last year while its gross investment income was RM24.06bil. “The dividend rate underscores an impressive year in which gross investment income reached a historical high of RM24.06bil, reflecting a 39.76% increase over the RM17.22bil recorded in 2009,” EPF chairman Tan Sri Samsudin Osman said in a statement yester...
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