Wednesday, January 20, 2010

Fkli wrap : go fly, Fbm....fkli playing catching up..what?


-fbm.fkli very strong despite selloff in HS and SH. Fbm did a bullish closing above 1305, the 9-mth peak. Axiata breakout above 3.20, up almost 7%

-regional mixed. HS (-400/-2%) tumble, no thanks to its big brother China.( -100/-3%) News of Chinese bank tightening policy pops up again. Europe and DJ futs cautious within -0.5%

-bad timing for fkli. External vs Fbm factors keep fkli swinging back and forth in the PM. Finally, taking the mid range of 00-05. Discount to fbm for the first time this year.

-technically, like yest, fkli candle on its own are not impressive but overall bullish stance remains…no event chaging moment. For a change, fkli can ride on fbm strong to bullish outlook.

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5 comments:

  1. victorWednesday, January 20, 2010

    Hi, Kan thanks for posting FBM daily chart, pls keep it on .

    And what is ur comment for this :

    Beside tested a new high at 1307 today, FKLI and the cash market seems immune from the negative development in major Asia market. This give me an impression that there is no foreign fund participated in our market. Overall it is just another normal day with side way ranging market and expecting market to trade the same way in the near term.

    ReplyDelete
  2. KHSWednesday, January 20, 2010

    i think foreign participation is getting higher (since Aug 09) In fact, fkli foreign players stand at 38%,long-bias, in Dec09, the highest for 2009. My take is : They are in the mkt but they not selling today as they perceived HS/SH event as an internal issue rather than a global changing event. Kwailow does not do in n out everyday.

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  3. victorWednesday, January 20, 2010

    I agreed with what U said. and hope kwailow will always in our mkt .

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  4. Zac LimWednesday, January 20, 2010

    but Kan,the volume did not increase.during the good old days, our average volume was like RM 6-7K. now is really sad case ler.Let's hope FKLI can attract more foreign and local particpants and create more volume

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  5. KHSThursday, January 21, 2010

    good days come and go...the pblm in malaysia is, not much product to choose to trade or alternate...so everyone still have to stick with fkli even when low volatility..the main cause of low vol..

    My prayer is with you...hopefully kwailow comes back in a big way...

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