Monday, December 21, 2009

MarketWrap : HLB and CIMB got whack....


Fbm lost 7p in preclosing stage after steady near 62 for most of the day. HLB clsd down -5% Cimb dw 2%. This jolted fkli from its sleep, selling towards 57.5 but managed to recover near 60 on anticipation that fbm will recover back to 60 first tomorrow.
Technically, not much, negative tone continues , below 60. but still range bound market. Bulls can only cheer if fkli recovers 65. otherwise, keeping my fingers cross.

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