FKLI
FKLI Spot Month Futures (PM) - 9 Jan 2025
Thu, 09-Jan-2025 02:26 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1608
Resistance
1613 / 1616 / 1619
Support
1608 / 1604 / 1600
Possible Range
1600 to 1620
Strategy
Long positions may be opened above 1608 with targets at 1613/1616 and stop-loss at 1603
Short positions may be opened below 1608 with targets at 1604/1600 and stop-loss at 1613

FKLI Jan month dropped 5 points or 0.31% to closed lower at 1608 on midday session. Selling pressure persisted on Bursa Malaysia, driven by a global bond sell-off that dampened investor appetite for equities.

The FKLI in daily time frame remain trading within a wide range of sideway consolidation, now trading below the middle of the sideway at 1616 to 1618, now serve as major resistant range.  We remain our view that sell on rebound to be main plan if index continue to trading below the middle.  Support see at 1607 to 1608, if market break down the range, we might see the index to trade further lower, supported could se buying opportunity with limited upside. Immediate support and resistance levels are identified at 1608 and 1613 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.952219 3.979032
EUR 4.632284 4.636049
CNY 0.579684 0.580150
HKD 0.504395 0.507834
SGD 3.092296 3.113419