Friday, July 01, 2011

Fkli wrap...year highest P, year lowest Vol..fbm+4 jump


Fbm mostly under 80 b4 a 4p preclosing jump from 78 to 82.94 on mainly MISC, SIME, UMW, PPB. Fkli stuck at mid 80-85 range all day in thin trade –the lowest daily vol this year yet. Buy back to the high on closing amid fbm jump.


Regional/EU/DJfuts flat on the 1st day of July but taking +ve stance thanks to Jun’s ending momentum. Today also see a significantly weaker US$ vs others, meaning more risk taking tone in July ?

Strong support is raised to 75 next week but likely looking a new upper trading range of 1570-1600 in July

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