One must understand the market that one is involved in. The FKLI futures market is a thin, not well participated market with only the few locals, a few retail customers and a big manipulator, JP Morgan?? Kenanga?? playing.
Case in point today, they artificially mark up the cash KLC at the close to 1828.55, up about 6 points. This after spending the whole day in negative territory. And the thing about this market is the players are always adamant to sell down the futures after 5:00 pm, due to their bias on the market going down faster than goes up.
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