Eastspring Investments declares income distribution for Eastspring Investments Dana Dinamik

KUALA LUMPUR: Eastspring Investments Bhd yesterday announc ed the income distribution for one of its existing syariah- compliant unit trust funds, the Eastspring Investments Dana Dinamik.

All unit holders who have maintained their unit holdings in the Fund as at 25 September 2017 will be entitled to the income distribution.

“At Eastspring Investments, we have a positive outlook on the Malaysian economy for the year driven by improved trade flows, domestic private consumption and rising capital expenditure.

“Malaysia’s GDP growth for 2017 is likely to be much better than the previous corporate earnings growth, which is one of the major drivers for the stock market, will continue to resume its uptrend in 2017 after three years of negative growth.

“Some of the sectors we still like to include are the infrastructure companies, the banks, consumer sector as well the export oriented companies.” said Eastspring Investments’ chief investment officer Rudie Chan. — Bernama THE Malaysian rubber market ended mostly higher yesterday in line with regional rubber futures markets, said a dealer.

He said Tokyo Commodity Exchange ( TOCOM) rubber futures gained slightly despite a stronger yen supported by a decline in crude rubber inventories at Japanese ports.

The dealer added that the stronger local rubber market was also driven by a weaker ringgit and firmer crude oil prices. SHORT-TERM interbank rates closed steady yesterday on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.

The liquidity surplus in the conventional system eased to RM30.75 billion from RM40.33 billion, while in the Islamic system, it went down to RM8.0 billion from RM11.17 billion.

Earlier, the central bank called for six tenders comprising a range maturity auction tender, a Commodity Murabahah Programme tender, a reverse repo tender and three Qard tenders.

It also conducted a RM30.6 billion conventional overnight tender and a RM7.6 billion overnight Qard tender, both for one-day money.

The overnight Islamic reference rate stood at 2.96 per cent, while the one-, two- and three-week rates stood at 3.02 per cent, 3.07 per cent and 3.11 per cent respectively.