25 November 2024 BMD

                                                    LOCAL MARKET

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FKLI

The FBM KLCI closed higher on Monday, driven by gains in banking stocks, as corporate earnings take centre stage this week with the results season in its final stretch.

At 5pm, the 30-stock index was up 7.67 points, or 0.48% to 1,597.45. It traded within a range of 20.83 points between an intra-day high of 1,609.29 and a low of 1,588.46.

Plan A : Attempt short if the market stays below 1607. Targets are 1602 and 1596.

Plan B : Consider long if the market stays above 1607. Targets are 1612 and 1617.

FCPO

 

FCPO consolidates after plummented down last week, trying to test the support around 4630. Dalian traded +66 at 9664 while soybean oil traded +0.55 at 42.39 for the day. Ringgit strengthen to 4.45 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.