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 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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