FKLI
FKLI Spot Month Futures (PM) - 10 Mar 2025
Mon, 10-Mar-2025 02:27 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1508
Resistance
1508 / 1513 / 1518
Support
1503 / 1497 / 1593
Possible Range
1495 to 1515
Strategy
Long positions may be opened above 1508 with targets at 1513/1518 and stop-loss at 1503
Short positions may be opened below 1508 with targets at 1503/1497 and stop-loss at 1513

FKLI Mar month dropped 13.5 points or 0.89% to closed lower at 1504 on midday session. Concerns over a worsening global trade war dampened domestic market sentiment, pushing equity prices lower for another session.

 

The actively traded FKLI contract continued its decline in the morning session, reaching the bottom support line of the downward channel at 1,505–1,507. Sentiment remains bearish, with sell-on-rebound as the primary strategy. A break below this range could push the futures contract toward 1,495–1,497. However, if the price holds at the support line, some technical buying may emerge with limited gain. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1503 and 1508 respectively.

(News Source: The Star)

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 4.393408 4.428928
EUR 5.005959 5.023744
CNY 0.602745 0.604678
HKD 0.565674 0.570807
SGD 3.346150 3.376734