FKLI
FKLI Spot Month Futures (PM) - 14 Mar 2025
Fri, 14-Mar-2025 02:33 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1499
Resistance
1513 / 1519 / 1525
Support
1499 / 1493 / 1486
Possible Range
1500 to 1520
Strategy
Long positions may be opened above 1506 with targets at 1489/1495 and stop-loss at 1501
Short positions may be opened below 1506 with targets at 1499/1493 and stop-loss at 1511

FKLI Mar month rose 11.5 points or 0.78% to closed higher at 1487 on midday session. Malaysia's benchmark stock index pared steep losses from earlier in the day, extending its recovery in line with improving sentiment across the broader region.

The actively traded FKLI contract continues to climb higher, with support at 1492–1493. Currently, it is holding above another key support level at 1506–1507, which was the previous low on August 6—a crucial level for further upside. If this range holds, we may see further gains toward the 1513–1514 range and higher. However, failure to maintain this support could trigger selling pressure, leading the index to trade within a consolidation range. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1499 and 1513 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