Friday, March 26, 2010

Fkli wrap....looking good to visit year-high





Fbm produced the tightest range ever, just 2p. No big gains despite favorable regional sentiment. Still, a 4-day-21 point winning streak.

Fkli mostly stuck within 15++ for the day, extend its premium stance in late afternoon after fbm add 1p in the preclosing stage to finish above 1315, which prompted late short covering.

A strong week, +1.5%, ahead of NEM policy on 30th. Mkt turned positive-bias technically on Tues and with a strong finish today. The mkt is likely to re-visit current high as the immediate target. Up mkt if above 1310.


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