27 August 2024 BMD

                                                 LOCAL MARKET

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FKLI

The FBM KLCI leapt higher in early trade as bank shares took flight ahead of their quarterly results announcements this week. At the lunch break, the benchmark index was up 11.71 points to 1,650.67, amid jumps in the share prices of banking heavyweights such as Maybank and Public Bank.

Plan A : Consider long if the market stays above 1638. Targets are 1644 and 1652.

Plan B : Attempt short if the market stays below 1638. Targets are 1630 and 1624.

FCPO

 

FCPO recovered, testing the resistance around 3960. Dalian traded +124 at 8062 while soybean oil traded -0.15 at 40.60 for the day. Ringgit strengthen to 4.35 against the greenback.

Plan A : Short only if market fail to support above 3960. Targets are 3940 and 3920.

Plan B : Long if market supported above 3960. Targets are 3980 and 3999.

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that investment.