FKLI
FKLI Spot Month Futures - 28 Jan 2025
Tue, 28-Jan-2025 08:26 am
by Dealing Team • Apex Futures

FKLI
Pivot
1557
Resistance
1560 / 1564 / 1568
Support
1557 / 1553 / 1548
Possible Range
1545 to 1565
Strategy
Long positions may be opened above 1560 with targets at 1564/1568 and stop-loss at 1555
Short positions may be opened below 1560 with targets at 1557/1553 and stop-loss at 1565

FKLI Jan month dropped 7 points or 0.45% to closed lower at 1552.5. The FBM KLCI ended at its intraday low on Monday, weighed down by YTL-related counters, as cautious investors remained on the sidelines, mirroring the trend across regional markets.

Overnight Dow Jones index rose 289 to closed higher at 44713. The Dow gained, while the Nasdaq saw its largest one-day percentage drop since December 18 on Monday, as the launch of a low-cost Chinese artificial intelligence model triggered a sharp selloff in U.S. chipmakers.

The FKLI in daily time frame resisted below 1561 to 1563 and trading further lower. We see the index hovering within the sideway range in short term time frame, top see at 1565 to 1564, while bottom adjusted to 1552 to 1551, the previous support 1558 to 1560 now serve as middle of the range, we likely to see rebound sell to continue. Crucial support sees at 1550 to 1551 to maintain the minor uptrend build since the 17 Jan. Immediate support and resistance levels are identified at 1557 and 1560, 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