Thursday, December 16, 2021

17 December 2021 BMD

                                   LOCAL MARKET


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FKLI 

FKLI extended Wednesday's gains to end marginally higher on Thursday as risk appetite towards equities improved, taking cue from the Wall Street performance overnight.

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Plan A: Attempt short if market surges but fails to breach above 1488. Targets are 1481 and 1476.

Plan B : Consider long if market trades firmly above 1479. Targets are 1484 and 1488.



FCPO

FCPO surged up during the first and second section. Dalian closed +232 at 7974 while soybean oil traded -0.06 at 54.59. Ringgit remained at RM4.21 against the greenback.

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Afternoon Plan
Plan A : Long if market supported firm above 4456. Targets are 4475 and 4497.
 
Plan B : Short only if market failed to support above 4456. Targets are 4424 and 4397.



Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.    
 

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