Monday, August 16, 2010

Fkli wrap ..riding on fbm year high incentives...ready for 1400





After early jitters and discount stance over fbm, fkli rebounded sharply in PM session when external sentiment improved. SH/HS helped to offset DJ weak sentiment, on banks gains. GENTING gave fbm an early boost, passing the baton to MAYBANK in PM relay. Both contributed a total of 9 index point.

Technically, a very convincing breakout and looks like a fresh uptrend leg towards 1400 as this mth target. Weakness is seen limited near 60 on buy on dips.



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