FKLI
FKLI Spot Month Futures (PM) - 19 August 2024
Mon, 19-Aug-2024 01:56 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1641
Resistance
1649 / 1656 / 1661
Support
1641 / 1636 / 1632
Possible Range
1635 to 1655
Strategy
Long positions may be opened above 1645 with targets at 1649/1656 and stop-loss at 1640
Short positions may be opened below 1645 with targets at 1641/1636 and stop-loss at 1650

FKLI Aug month rose 23 points or 1.42% to closed higher at 1648 on midday session. The FBM KLCI reached a new high in 2024, surpassing July's peak to set a fresh four-year record. Blue chip stocks on Bursa Malaysia gained over 1% in Monday morning trading, as positive momentum surrounding an anticipated US rate cut boosted investor sentiment in global equities.

The FKLI likely to remain in positive territory, beware of any profit taking activities. The immediate support and resistance levels are identified at 1641 and 1649, respectively.

(News Source: The Star)

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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