Tuesday, May 31, 2022

1 Jun 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended higher with the key index surging 1.75% on late buying interest, mostly in heavyweights particularly financial services as well as plantation counters.

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Plan A : Consider long if the market stays above 1557. Targets are 1563 and 1570.

Plan B : Attempt short if the market stays below 1556. Targets are 1551 and 1547.




FCPO

FCPO surge up during the second section. Dalian closed +42 at 11876 while soybean oil traded -0.25 at 77.67. Ringgit weaken to 4.38 against the greenback.

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Plan A : Long if market supported firm above 6321. Targets are 6340 and 6368.

Plan B : Short only if market failed to support above 6321. Targets are 6279 and 6241.







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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