FKLI
FKLI Spot Month Futures (PM) - 21 Mar 2025
Fri, 21-Mar-2025 02:26 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1503
Resistance
1510 / 1516 / 1522
Support
1503 / 1498 / 1493
Possible Range
1500 to 1520
Strategy
Long positions may be opened above 1510 with targets at 1516/1522 and stop-loss at 1505
Short positions may be opened below 1510 with targets at 1503/1498 and stop-loss at 1515

FKLI Mar month rose 16 points or 1.07% to closed higher at 1510 on midday session. Bursa Malaysia traded higher at the midday break, supported by buying momentum in selected heavyweight stocks, which lifted the key index.

The actively traded FKLI rebounded from previous losses, finding support in the 1,490–1,488 zone, which serves as the retracement support for the uptrend since March 13 on the daily chart. In the short term, technical selling may emerge first, with a key support zone at 1,500–1,498. If this level holds, a buying opportunity could arise. Meanwhile, resistance is seen at the 1,512–1,511 range. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1503 and 1510 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.438795 4.472568
EUR 4.812854 4.816325
CNY 0.611771 0.612291
HKD 0.570562 0.574463
SGD 3.306949 3.329359