Cautious start but later extends gains, taking cue from HS powerful show. Higher commodity price boosted mkt sentiment, again.From the start, fkli was strong, eager to run ahead of FBM. But fbm was a bit shaky near 1160 amid concerns over DJ overnight loss. Still, finance and plantations sector strong.
The mkt is so resilient; it makes you wonder whether the target for this run is 1160 or 1200. The mkt is now toppish at 1160 especially fbm but bulls not giving up just yet, anticipating strong US economic data tonight.
Above 1150, still a buy mkt. Above 1160, watch out for another bull run especially if FBM leads. To the downside, if any, downside should be limited at 7SMA tomorrow.
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