Defensive start, with tug-of-war at 2290 today, yesterday was 2300. A slightly lower preference for a lack of SO leads. Sentiment turned bearish on late selling after SO dipped into -0.5% territory from +0.1% earlier.
Fcpo saw fresh year low or tech breakdown under 2280 in the last 5 mins b4 preclosing for a RM10 selloff. At lowest point this year.
Technically, mkt is ready for a continuation of Mon’s dwward momentum, favoring bears, if < 2310 or 2300, after some scare yesterday for them, 2250 can be an easy target if 2270 break tomorrow. While underperformed SO, discount remains expensive, at -$90.
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