FKLI
FKLI Spot Month Futures - 16 July 2024
Tue, 16-Jul-2024 08:32 am
by Dealing Team • Apex Futures

FKLI
Pivot
1631
Resistance
1635 / 1638 / 1641
Support
1629 / 1626 / 1622
Possible Range
1620 to 1640
Strategy
Long positions may be opened above 1632 with targets at 1635/1638 and stop-loss at 1627
Short positions may be opened below 1632 with targets at 1629/1626 and stop-loss at 1637

FKLI July month rose 8.5 points or 0.52% to close higher at 1634. The FBM KLCI began the week with strong momentum, supported by increases in banking stocks.

Overnight Dow Jones rose 210 points to 40,211. Wall Street ended with gains on Monday, extending Friday's rally amid growing optimism about a potential second term for Donald Trump following an unsuccessful assassination attempt, which raised expectations of less stringent regulatory policies.

Tracking the bullish performance of US performance, the FKLI could continue to trade in upward momentum. The immediate support and resistance levels are identified at 1629 and 1635, respectively.

(News Source: The Star; Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
HKD 0.537155 0.542118
SGD 3.243708 3.273864