FKLI
FKLI Spot Month Futures - 22 Jan 2025
Wed, 22-Jan-2025 08:30 am
by Dealing Team • Apex Futures

FKLI
Pivot
1568
Resistance
1581 / 1586 / 1590
Support
1574 / 1568 / 1563
Possible Range
1569 to 1589
Strategy
Long positions may be opened above 1574 with targets at 1581/1586 and stop-loss at 1569
Short positions may be opened below 1574 with targets at 1568/1563 and stop-loss at 1579

FKLI Jan month rose 10 points or 0.64% to closed higher at 1572.5. The FBM KLCI extended its uptrend at Tuesday's close, driven by buying activity in selected heavyweight stocks, particularly within industrial products and services, utilities, and financial services.

Overnight Dow Jones index rose 537 to closed higher at 44025. Wall Street's main indexes climbed on Tuesday, with the S&P 500 and the Dow reaching their highest levels in over a month. Investors reacted to Donald Trump's initial actions as U.S. president, finding reassurance in his decision not to begin his second term with sweeping tariff increases. 

The FKLI in daily time frame breaking the new reseating at 1572 to 1571 and moving further higher, potentially continue to moving higher for short term with buy on retracement the main plan. New resistant area sees at 1581 to 1582, breaking above could see further higher however bigger picture still see major resistant at 1600. Beware of any sentiment change. Immediate support and resistance levels are identified at 1574 and 1581, respectively.

(News Source: Bernama; 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 4.461227 4.492117
EUR 4.632123 4.637427
CNY 0.613888 0.614502
HKD 0.573047 0.577030
SGD 3.281156 3.304154