Cautious yes,..but this cautious especially fbm !
Despite regional +1% at its worst, DJ futs +50 and Europe near +2% in late Asian hours, buyers showed zerointerest in fbm. It struggled mostly near 53 lvl for most of the day, before a dip around -4p in preclosing phase, MAYBANK, PBB the main culprit, total -2.4p. And therefore extending its losing streak to 9 days with 98p loss.
No major improvement as far as tech outlook is concerned. Above 1250 +ve tone. More rebound seen if >60. Otherwise 60 looks heavy when fbm
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