FKLI
FKLI Spot Month Futures (PM) - 7 Oct 2024
Mon, 07-Oct-2024 02:02 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1636
Resistance
1638 / 1642 / 1645
Support
1632 / 1628 / 1625
Possible Range
1625 to 1645
Strategy
Long positions may be opened above 1635 with targets at 1638/1642 and stop-loss at 1630
Short positions may be opened below 1635 with targets at 1632/1628 and stop-loss at 1640

FKLI Oct month rose 6 points or 0.37% to closed higher at 1633.5 on midday session. Malaysia's blue-chip stocks rebounded on Monday following significant outflows last week, as investors shifted to China's markets to take advantage of new stimulus measures announced by Beijing.

FKLI remain hovering at the bottom of a sideway consolidation, traded at the support range in daily chart. We anticipate the market to have further technical buying to continue to move in sideway, if breaking above 1638 to 1639 could see further higher, upside could be limited. The immediate support and resistance levels are identified at 1625 and 1638 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.936314 3.967989
EUR 4.615974 4.625491
CNY 0.577616 0.578239
HKD 0.502266 0.506322
SGD 3.083269 3.108163