FKLI
FKLI Spot Month Futures - 23 Sep 2024
Mon, 23-Sep-2024 08:13 am
by Dealing Team • Apex Futures

FKLI
Pivot
1671
Resistance
1677 / 1682 / 1686
Support
1671 / 1668 / 1664
Possible Range
1660 to 1680
Strategy
Long positions may be opened above 1671 with targets at 1677/1682 and stop-loss at 1666
Short positions may be opened below 1671 with targets at 1668/1664 and stop-loss at 1676

FKLI Sep month rose 10 points or 0.60% to close higher at 1674. The FBM KLCI closed higher on Friday, following the trend in regional markets as investors reacted to Wall Street's performance and celebrated the US Federal Reserve's significant 50 basis point rate cut.

Overnight Dow Jones rose 38 points to 42063. U.S. stocks finished almost flat on Friday, as investors took a breather following a strong rally the day before, driven by an increased interest rate cut from the Federal Reserve. However, gains from Nike helped push the Dow to a new record.

The FKLI likely to trading in sideway consolidation with upside bias, beware of any profit taking activities. The immediate support and resistance levels are identified at 1671 and 1677, respectively.

(News Source: NST; 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 3.939538 3.966364
EUR 4.621065 4.624861
CNY 0.577624 0.578108
HKD 0.502626 0.506063
SGD 3.082334 3.103499