Fkli tight range amid conflicting signals. External strong amid fresh bailout for Greece and hopeful of US raising its debt ceiling.
But fbm has “power” problem - TENAGA slumps almost 5% at one point, or about 4 fbm index points, amid a dismal earnings report.
Fkli stays premium but 70-toppish on fbm drag. While no upside today, both remain in a good posture for further upside/bounce towards 1575-80 for expiry b4 deciding the next move in Aug.
Above 1560 is up market. If this support is broken, mkt will trend lower around 1540-1560, resuming its dwtrend run.
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