KUALA LUMPUR, July 9 (Bernama) -- Bursa Malaysia closed lower on Thursday as renewed geopolitical tensions in West Asia weighed on investor sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.97 points, or 0.36 per cent, to 1,677.64 from Wednesday's close of 1,683.61. The benchmark index opened 2.62 points lower at 1,680.99, and moved between 1,676.18 and 1,683.80 throughout the session. However, market breadth was slightly positive, with gainers leading losers 533 to 504, while 547 counters were unchanged, 1,112 untraded, and 12 suspended. Turnover slipped to 2.64 billion units valued at RM2.19 billion from 2.96 billion units valued at RM2.18 billion on Wednesday.
As we stare at the global economy slowdown, we should keep asking ourselves, "Are we prepared for it?" Are we confident enough to declare that we have prepare for the worse? Some might be quite relief that the crude oil price has been going down for few days but we don't know how long this will last. Even if the crude oil price remain downtrend, we cannot let our guard off. To prepare for it, one must always ensure there's sufficient fund in hand, if and only if the global economy slowdown. Even if you can keep your job, the money will come in handy especially if the stock market collapse. Can really get good deal during the market collapse. In fact, the money can be used to buy property at very low price. Usually when comodities reach historical high, cash is king. But I'm the kind of guy who believe that the market will rebound one day, which is why I will continue to accumulate the high dividend yield counter, so that I can have passive income. And again, we ar...