Fbm weakness towards 1300 today was a surprise amid bullish regional near +2%, stronger DJ futs +20p, firmer Europe +0.5%. And ringgit at the strongest yet ytd.
Fkli upside attempt was of course hampered by fbm but continued to maintain premium lvl. Overall a quiet day, mostly within 05-10 range
Technically, like Tue, not much change, trap within 7-14 SMAs. Until it breaks 7SMA resistance, the mkt is downward-bias. Again, fkli will take premium stance if fbm stays above 1298-1300.
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