While limited upside amid weaker regional weakness, fbmfkli was mostly positive tone. CIMB provided support for fbm, +2.5p, but the index was mostly plus minus 1310 before a push to 12.
Fkli faced strong selling pressure only once today, a kneejerk to HS -1% at opening. Otherwise, mostly range bound, in quiet trade, and like fbm keeping energy and waiting for external factors to turn positive.
Technically, remains the same –above short term support, so upward-bias. 1310-1320 familiar range. Above10, mkt intention is to revisit year-high but first must overcome bears strong defence at 20.
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