Thursday, June 09, 2011

Fkli wrap...45-55 today..and likely tomorrow too!



Like Wed, Tues, Mon fbm.fkli about the same range and a case of firm fbm vs. weak regional, lead by HS. Europe firmer by +0.5% but flat in late Asian hours. HS closed -50, off lows of -250. SH shed -50/-2% on concerns over bank capital adequacy.

Fbm stays +ves on GENTING, PCHEM strength and only dip into –ve zone following a 2p drop in preclosing phase. TENAGA, RHBCAP pressure in the last 30-mins.

Fkli doing premium on anticipations of a DJ bounce tonight, DJ futs +40.

The wait to see whether DJ can hold above 12,000 keeps mkt in sideways. 45-55 technically neutral

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