Monday, September 25, 2023

26 Sep 2023 BMD


 LOCAL MARKET


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FKLI

FBM KLCI erased all its previous session gains to close 6.78 points or 0.57% lower at 1443.45 points. The FBM KLCI may drift lower with support at 1433 points.

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Plan A : Consider short if the market stays a below 1445. Targets are 1441 and 1434.


Plan B : Attempt long if the market stays above 1445. Targets are 1453 and 1457



FCPO
 
FCPO moved sideway, trying to test the support around 3660.  Ringgit weaken to 4.65 against the greenback.
 

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Plan A : Long only if market supported above 3680. Targets are 3720 and 3748.

Plan B : Short if market fail to support above 3680. Targets are 3640 and 3620.




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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