22 November 2024 BMD

                                                   LOCAL MARKET

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FKLI

The FBM KLCI tumbled for the third consecutive day on Thursday, weighed down by losses in Tenaga Nasional, YTL Power and YTL Corp, amid weaker regional markets.

The 30-stock index fell 9.50 points, or 0.59%, to 1,588.68—its intraday low—after reaching a high of 1,599.94.

Plan A : Attempt short if the market stays below 1590. Targets are 1585 and 1578.

Plan B : Consider long if the market stays above 1590. Targets are 1598 and 1602.

FCPO

 

FCPO plummented down, trying to recover after registed around 4780. Dalian traded -118 at 9578 while soybean oil traded -0.32 at 43.01 for the day. Ringgit strengthen to 4.46 against the greenback.

Plan A : Long if market supported above 4672. Targets are 4699 and 4729.

Plan B : Short only if market fail to support above 4672. Targets are 4652 and 4626.

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.