KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated by 24.75 points or 1.44 per cent to 1,687.90 from Friday’s close of 1,712.65. The market bellwether opened 10.57 points weaker at 1,702.08 and fluctuated between 1,682.79 and 1,702.38. The broader market was bearish, with decliners thumping advancers 956 to 371. A total of 373 counters were unchanged, 1,042 untraded and 134 suspended. Turnover expanded to 3.98 billion units worth RM4.85 billion from last Friday’s 2.97 billion units worth RM3.25 billion.
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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