CIMB and AXIATA…whatsup… heavy selling pressure after strong quaterly result. Tougher environment ahead ?, Raya sales ?, election funding ? Fundamental +ve, technically bearish.
Going against regional trend, fbm tumbles on selling pressure in PM, like yesterday. Regional near +1.5%. EU +0.5% Djf +30
Tech bearishness widens, with upside seen limited near 1480 and dwside risk towards 40 for the remaining Aug . Recent failed attempts to cross back above 1500 seem to indicate bearish tone in Sep, targeting 1400.
75% of Fkli vol from roll activities,