CPO drop almost -10 % and during lunch, traders and investors talk about how bad the CPO market is bad. Bad CPO prices, bad plantation counters = lead to lower KLCI.
After lunch, the fund mgrs and retail investors quickly sell their shares or futures which in turn give to lower prices.
For those traders who were long on FKLI yesterday who refused to cut losses decide to cut losses now at 1220.0/1219.0, so you get lower FKLI.
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