FKLI
FKLI Spot Month Futures (PM) - 11 Mar 2025
Tue, 11-Mar-2025 02:25 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1498
Resistance
1498 / 1503 / 1508
Support
1493 / 1487 / 1483
Possible Range
1490 to 1510
Strategy
Long positions may be opened above 1498 with targets at 1503/1508 and stop-loss at 1493
Short positions may be opened below 1498 with targets at 1493/1487 and stop-loss at 1503

FKLI Mar month dropped 16.5 points or 1.09% to closed lower at 1496.5 on midday session. Malaysia's main stock index dropped sharply in the early session, while the broader market saw over 900 laggards as investors exited equities amid concerns over the global economy's outlook.

The actively traded FKLI contract dipped further in the morning session after breaking below the 1,495–1,494 range, which now serves as a support level. Some technical buying may emerge, but the upside is likely limited, with resistance around the 1,503–1,505 range. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1493 and 1498 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 4.390206 4.425718
EUR 5.008717 5.015095
CNY 0.603029 0.603828
HKD 0.565660 0.569770
SGD 3.345779 3.370205