Fkli remains very upbeat, based on Apr price action. While fbm struggled at 20, Apr mostly steady near 20 before a sudden late push. Buying interest jumped after fbm finished above 20 from 17 in preclosing stage despite a lackluster afternoon.
Kwailow buying Apr noted after 4pm.
It remains to be seen whether fbm will catch up with fkli tone tomorrow. To be convincing, fbm must break free from 23. Otherwise fkli premium will evaporate as fast. Fkli new benchmark Apr's trading range is generally pegged at 20-30 untill clearer sign from fbm.
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