Both fbm.fkli drop 20p in PM alone. Steady Djfut and EU in late Asian hours fail to inspire bounce. CIMB AXIATA and MISC the main culprits….cashing out ahead of Hari Raya ? HS also a major drag in PM, from -160 in AM to -420 for the day. Insurance companies weak on poorer result
Technically, fbm.fkli is back in bearish zone, a quick reversal from yesterday’s positive outlook. Further weakness tomorrow could set fresh dw trend towards 1420-30 and bye bye to 1500 in Aug.
Below 1470 is bearish .
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