KUALA LUMPUR, Dec 4 (Bernama) -- Bursa Malaysia rallied to close broadly higher on Wednesday amid strong buying interests mainly in utility and technology stocks, with the benchmark index gaining 0.44 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.13 points to 1,614.09 from Tuesday’s close of 1,606.96. The index opened marginally higher at 1,606.97 and moved between 1,606.53 and 1,616.03 throughout the day. Advancers thumped decliners 727 to 381 on the broader market, with 522 counters unchanged, 781 untraded and 10 suspended. Turnover advanced to 3.60 billion units valued at RM3.30 billion versus 3.32 billion units valued at RM3.30 billion on Tuesday.
As we are entering the Chinese New Year season, let's look into what the Feng Shui master said about the overall market sentiment for the Water Dragon Year. Last year CLSA Feng Shui chart was not that accurate especially towards the end of the year, so we'll see what will happen this year. The Water Dragon is supposedly to be good for the stock market, it seems, but we will see what will happen. Anyway, the chart is just for reference and it is not for one to follow blindly.
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