Monday, June 27, 2011

Fkli wrap....no fresh moves...steady ahead of MSM IPO




Fbm suffers only minor losses, EPF keeps mkt above 60 in early trades despite weaker external near- 0.5% ahead of MSM IPO tomorrow – a show to win over Felda voters ?

Fkli manages to maintain its premium after DJ futs and EU reverse into +ve zone. EU +0.5% Djfuts +20.

On fkli jun>july, long rolls dominates mkt today, pushing up July – surprisingly lopsided and quiet so far. Kwailow exiting for book closing ?

Technically, slightly –ve, toppish and testing 7SMA support. But bulls remain in contention if mkt remains above 60.

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