FKLI
FKLI Spot Month Futures - 12 Mar 2025
Wed, 12-Mar-2025 08:30 am
by Dealing Team • Apex Futures

FKLI
Pivot
1498
Resistance
1498 / 1504 / 1508
Support
1492 / 1487 / 1482
Possible Range
1485 to 1505
Strategy
Long positions may be opened above 1492 with targets at 1498/1504 and stop-loss at 1587
Short positions may be opened below 1492 with targets at 1487/1482 and stop-loss at 1497

FKLI Mar month dropped 17 points or 1.12% to closed lower at 1496. The FBM KLCI closed lower on Tuesday as a broad-based selloff drove over 900 stocks into the red, while only 200 managed to stay positive, reflecting weak investor sentiment.

Overnight Dow Jones index dropped 478 points to closed lower at 41433. U.S. stocks declined on Tuesday, extending the largest selloff in months, as investors grew concerned about the impact of new tariff threats on the global economy. Trading remained volatile amid conflicting tariff developments, while brief optimism over progress toward a Ukraine-Russia ceasefire provided a temporary boost to equities.

The actively traded FKLI contract dropped sharply in yesterday’s session, breaking below another support level at 1495–1494. It is currently holding above a new support zone at 1492–1491. A sideways consolidation is observed on the hourly timeframe, with this new level acting as the midpoint of the range. If the price remains supported above this level, buying interest could push it toward 1498–1497, with the highest rebound potential at 1503–1504. However, if support fails and the price breaks below 1487–1486, the index could decline further toward 1482–1480. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1492 and 1498, respectively

(News Source: The Star; Reuters)

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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