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.
After a resilient economy in the year 2012, we are now in 2013 and I'm thinking that we have yet to see the worst from 2012. I'm not sure that whether global economy will be getting worse or getting better, however I know it myself that own economy might turn bad if inflation continue to go up, while salary maintaining slightly higher or the same. Hence, this year, I will set a rather defensive financial resolution sort of to protect the capital, while having slight growth over the year in line with the inflation.The target growth of the stocks portfolio is expected to be about 10%, with the growth mainly in the dividend stocks and oversea stocks. As almost everyone in the country are expecting there will be a slight correction in stock market due to the General Election which is due to held this year, I won't be allocating some portion from the salary to the stock market, at least until second half of the year. Instead, the money will go to the house loan first -...