FKLI
FKLI Spot Month Futures - 11 Mar 2025
Tue, 11-Mar-2025 08:39 am
by Dealing Team • Apex Futures

FKLI
Pivot
1511
Resistance
1511 / 1516 / 1521
Support
1504 / 1499 / 1494
Possible Range
1495 to 1515
Strategy
Long positions may be opened above 1504 with targets at 1511/1516 and stop-loss at 1499
Short positions may be opened below 1504 with targets at 1499/1494 and stop-loss at 1509

FKLI Mar month dropped 4.5 points or 0.30% to closed lower at 1513. The FBM KLCI ended lower on Monday as profit-taking outweighed bargain-hunting, reflecting cautious market sentiment in line with the broader regional trend. 

Overnight Dow Jones index dipped 890 points to closed lower at 41911. U.S. stocks tumbled on Monday as ongoing tariff disputes and concerns over a potential federal government shutdown fueled fears of an impending recession. The previous week’s sharp selloff resumed and intensified throughout the session, leading to significant declines across all three major indexes. The S&P 500 recorded its steepest one-day drop since December 18, while the tech-heavy Nasdaq plunged 4.0%, marking its largest single-day percentage loss since September 2022.

The actively traded FKLI contract continues to trade within a downward channel on the daily chart. Given the bearish regional sentiment, the index could decline further if it breaks below the 1,502–1,500 range, with the next major support at 1,495–1,494. However, if the downward channel’s support holds, there is potential for technical buying. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1504 and 1511, 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