FBMKLCI (15 minutes chart)
FBMKLCI has been in the negative territory throughout the day after Dow recorded a loss of 39.51 to close at 11052.49. FBMKLCI close day low at 1485.23 recording a loss of 10.72 points reversing 0.72% of the market cap. Among the biggest loss in % on the index linked counters are YTLPOWR, MAYBANK and PPB with a loss of 1.98%, 1.96% and 1.65% respectively.
A new downtrend line emerge as prices extends. The new downtend line seem to still be intact although it has been tested over and over again for the past few days.
Immediate support for FBMKLCI is viewed to be at 1476 at this juncture.
FKLI (15 minutes chart)
FKLI opened low amid Dow's overnight weak performance and traded below yesterday's closing throughout the whole day. December futures traded 6.5 points discount over the spot month future where the spot month future settle at 1488.5. Immediate support is to lie at 1467.5 where breaking this low would probably attract new selling interest.
Immediate resistance : 1502, 1508
Immediate support : 1482, 1467
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