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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.

2014 CLSA Feng Shui Index

Well, we are still in Chinese New Year mode and entered the Year of Horse three days ago and it seems like it is a good idea to post the CLSA Feng Shui Index, which I posted almost every year. Based on the chart, we are about to have another high this year - mid of the year although pulling back towards the end of 2014. Let's hear from the expert:- "What a breed, this speedy Steed! If we've right-read the riddle-wrapper that retails as the 2014 Celestial Form Guide, the soon-to-be-bourse-boss Hoss that grabs the zodiac reins this year is un toro in toto : pure bull from grass-cutters to fly-swatter. And the result for the Hong Kong market should be pretty much as indicated above in our CLSA Feng Shui Index - an annual forecast of the Hang Seng Index based on little more than a whisper of wind (feng) and a babble of water (shui). For reasons that range from the "Casablanca connection" to a recurring Yogi...

2013 CLSA Feng Shui Index

AS we are entering the Chinese New Year season, let us look into what the Feng Shui master say about the market sentiment in the upcoming water snake year. It looks to me we are going to see a downtrend after the mid year, and then rebound for a month before heading towards downtrend from November until December before the stocks having a recovery towards the end of the water snake year and ushering in horse year in 2014.

2012 CLSA Feng Shui Chart

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.

2011 CLSA Feng Shui Index: Watch the Metal Rabbit Bounce

As we are still in the Chinese New Year mood, let's look into what the Feng Shui master said about the overall market sentiment for the Rabbit Year. I even have a post on Investing With the help of CLSA Feng Shui Index last year, so this year we can even review some of the prediction to see whether any of the prediction comes true. The following is the excerpt from CLSA website on the 17th CLSA Feng Shui Index:- 17th CLSA Feng Shui Index: Watch the Metal Rabbit bounce Hong Kong - Wednesday, 19 January 2011 - CLSA Asia-Pacific Markets (“CLSA”), Asia’s leading independent brokerage and investment group, publishes the 17th CLSA Feng Shui Index (‘CLSA FSI’) report today with a tongue-in-cheek look at what 2011 holds for equities, commodities, property, celebrities, and the zodiac signs in the year ahead. The year of the Metal Rabbit promises plenty of luck and material gain for investors, with many signs favouring the accumulation of indirect wealth. But, with a continuation of last ...

Investing With The Help of CLSA Feng Shui Index

A very interesting article which appeared in The Edge Financial Daily, February 4th which I would like to share out with every one, which is related to Feng Shui. Whether you all trade using the Feng Shui Index or not, it is still up to you because if Feng Shui is really that accurate, we will be seeing all the Feng Shui master as Top 10 richest in the world. However the article is indeed interesting. I do find myself on and off being superstitious (proven to be quite true especially when watch football with people that I consider bringing bad luck, as well as last year when I saw a "so-call" Feng Shui calendar for KLCI which says the market is not going to be good after April, in which I decided to take profit on one of my stocks, in which it continue to rocketing up after that). The article is as follow ... HONG KONG: The Dow Jones Index gained significantly in the previous year of the Golden Tiger in 1950, but Tiger years are typically marked by dramatic changes and even ...