Only Karambunai benefited from Budget, +30%Equtiy and commodity broadly lower amid weak regional performance as concern over US banks mortgages practice continues and stronger US$ Regional trends lower in PM. SH and NK erase gains, tracking HS -300/-1% fall.
Fbm trend lower after the first 15 min spike. MAYBANK early loser, while GENTING, TENAGA fumble in PM . Fkli has no chance to shine today amid strong –ve internal from get-go
Fbm.fkli break a 2-mth uptrend line, with further dwward bias risk towards 50 if 70-80 support range fails to hold. Mkt needs to recapture 1490 to reverse recent –ve breath and 1500 to generate fresh momentum towards record high mark.
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