FKLI
FKLI Spot Month Futures - 27 Sep 2024
Fri, 27-Sep-2024 08:26 am
by Dealing Team • Apex Futures

FKLI
Pivot
1672
Resistance
1675 / 1678 / 1683
Support
1669 / 1665 / 1661
Possible Range
1665 to 1685
Strategy
Long positions may be opened above 1672 with targets at 1675/1678 and stop-loss at 1667
Short positions may be opened below 1672 with targets at 1669/1665 and stop-loss at 1677

FKLI Sep month rose 3 points or 0.18% to close higher at 1670.5. The FBMKLCI ended slightly lower on Thursday due to profit-taking following recent strong gains, diverging from the regional trend, according to an analyst.

Overnight Dow Jones rose 260 points to 42175. Stock futures hovered around the flat line Thursday night as Wall Street anticipated a crucial inflation report. Thursday's trading session concluded positively, with all three major indices posting gains; the S&P 500 closed at a new record for the third time this week, while the Nasdaq Composite achieved its fourth consecutive day of gains.

Tracking the positive performance in US performance, FKLI index potentially remain in upside bias trading, if supported above 1668 to 1669, could see buying opportunity. Immediate support and resistance levels are identified at 1669 and 1675, 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 3.939538 3.966364
EUR 4.621065 4.624861
CNY 0.577624 0.578108
HKD 0.502626 0.506063
SGD 3.082334 3.103499