Wednesday, December 22, 2021

23 December 2021 BMD

                                 LOCAL MARKET


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FKLI 

Malaysia market ended higher on Wednesday amid buying support in selected heavyweights led by Malayan Banking Bhd and Top Glove, on favorable outlook of the global economic recovery.

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Plan A: Remain buy as long as market stays firm above 1498. Targets are 1505 and 1509.

Plan B : Consider short if market surges but fails to breach above 1505. Targets are 1498 and 1493.




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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