Fbm hit 40 twice today – near opening and preclosing settlement. All day long , sluggish near 37-38 despite strong +ve externals, 1% to 2% and stronger RM. Underperformed but one step closer of making the next rally, probably in May. Fbm components looks dead without EPF buying… no market makers.
Fkli saw selling after an upbeat start amid fbm’s toppish outlook and stayed cautious all day. But returned to its AM’s high in late trading after 4.50 pm.
Technically, one small step towards the upper band, and hopefully a breakout, 1350-1400, instead of 1530-1550 tiring, uninspiring range.
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