PHILLIP Mutual Bhd expects its Phillip Master Capital Protected Fund and Phillip Master Dana Hafizh (Capital Protected), launched Wednesday, to generate sales of RM75mil within the 30-day offer period.
WIDESPREAD profit-taking pulled share prices on the KLSE lower yesterday, resulting in a 6.8-point or 0.9% fall in the benchmark Composite Index (CI) to 712.9. The selling extended from blue chips to lower liners and speculative counters.
GIVEN the growing optimism on the economic front and better earnings visibility, investment analysts and strategists think now is the time to increase exposure to cyclical stocks that are sensitive to economic health.
STOCK markets in Asia climbed further yesterday as investors continued to shovel money into equities, betting that corporate earnings will start to improve from now on given the growing optimism about the global economy.