FKLI
FKLI Spot Month Futures - 13 Mar 2025
Thu, 13-Mar-2025 08:38 am
by Dealing Team • Apex Futures

FKLI
Pivot
1481
Resistance
1474 / 1481 / 1486
Support
1465 / 1459 / 1453
Possible Range
1460 to 1480
Strategy
Long positions may be opened above 1470 with targets at 1474/1481 and stop-loss at 1465
Short positions may be opened below 1470 with targets at 1465/1459 and stop-loss at 1475

FKLI Mar month dropped 20.5 points or 1.37% to closed lower at 1475.5. Malaysian stocks tumbled to a new one-year low on Wednesday as the FBM KLCI extended its losing streak to four days. Investor concerns over U.S. President Donald Trump’s import tariffs intensified, raising fears that his trade policies could hinder economic growth and have global repercussions.

Overnight Dow Jones index dropped 82 points to closed lower at 41350. U.S. stocks edged higher on Wednesday as cooler-than-expected inflation data helped ease a sharp selloff. However, gains were limited by escalating concerns over President Donald Trump's turbulent, multi-front tariff war. The S&P 500 and Nasdaq ended in positive territory, with the Nasdaq receiving a strong boost from tech and momentum stocks.

The actively traded FKLI contract extended its downtrend from the previous session, breaking below the mid-point of the wide consolidation range at 1,580–1,575, signaling continued bearish momentum. However, a crucial support zone is identified at 1,463–1,460, where the price may stabilize for a potential pause before further selling pressure. If this support holds, consolidation trading could follow; otherwise, a breakdown below this level may lead to further declines. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1465 and 1474, 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