Friday, June 28, 2024

28 June 2024 BMD

                                        LOCAL MARKET


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FKLI

The FBM KLCI  trades around (-0.38%) on Thursday ,The FBM KLCI bounced higher as buying interest in CelcomDigi helped to offset the decline in what has been a soft week for the benchmark index.

Plan A : Consider long if the market stays above 1588. Targets are 1596 and 1602.

Plan B : Attempt short if the market stays below 1588. Targets are 1582 and 1578.



FCPO
 
FCPO consolidates trying to break the resistance around 3920. Dalian traded +54 at 7666 while soybean oil traded +0.18 at 43.74 for the day. Ringgit weaken to 4.71 against the greenback.

Plan A : Long only if market supported above 3888. Targets are 3910 and 3942.

Plan B : Short if market fail to support above 3888. Targets are 3860 and 3848.



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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