FKLI
FKLI Spot Month Futures - 7 Mar 2025
Fri, 07-Mar-2025 08:32 am
by Dealing Team • Apex Futures

FKLI
Pivot
1534
Resistance
1534 / 1538 / 1542
Support
1525 / 1520 / 1515
Possible Range
1515 to 1535
Strategy
Long positions may be opened above 1530 with targets at 1534/1538 and stop-loss at 1525
Short positions may be opened below 1530 with targets at 1525/1520 and stop-loss at 1535

FKLI Mar month dropped 7 points or 0.46% to closed lower at 1530.5. Bursa Malaysia’s benchmark index closed lower today, weighed down by persistent selling pressure on selected heavyweights, particularly in the financial services sector.

Overnight Dow Jones index dropped 427 points to closed lower at 42579. Stock indexes tumbled on Thursday, with the Nasdaq confirming a correction since its peak last December, while the dollar weakened as investor uncertainty grew following fresh tariff announcements from U.S. President Donald Trump. Meanwhile, the global bond market selloff extended, with the 10-year German Bund yield experiencing its sharpest rise since the 1990s. Trading remained volatile as investors reacted to ongoing tariff developments.

The actively traded FKLI contract closed lower yesterday, erasing gains from March 5 and signaling a potential continuation of its downward bias, with a sell-on-rebound strategy remaining the focus. The price continues to trade below the lower boundary of the previous sideways consolidation, now acting as a key resistance zone at 1536–1533. If the price rebounds but fails to break above this resistance, selling pressure may persist. Immediate support is seen at 1525–1524, and a break below this level could drive the index further down toward 1517–1515. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1525 and 1520, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.393408 4.428928
EUR 5.005959 5.023744
CNY 0.602745 0.604678
HKD 0.565674 0.570807
SGD 3.346150 3.376734