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.
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...