FKLI
FKLI Spot Month Futures (PM) - 25 Mar 2025
Tue, 25-Mar-2025 02:31 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1503
Resistance
1509 / 1513 / 1517
Support
1503 / 1497 / 1491
Possible Range
1495 to 1515
Strategy
Long positions may be opened above 1503 with targets at 1509/1513 and stop-loss at 1498
Short positions may be opened below 1503 with targets at 1497/1491 and stop-loss at 1508

FKLI Mar month rose 16.5 point or 1.11% to closed higher at 1507.5 on midday session. Bursa Malaysia surged alongside regional markets amid speculation that U.S. President Donald Trump's trade tariffs may be more limited in scope than initially feared.

The actively traded FKLI contract remains in a broader downtrend on the larger timeframe, maintaining a sell-on-rebound approach. However, the morning session saw the index trade higher, breaking above the 1,503–1,504 resistance level and holding above it, signaling potential further upside. If the index sustains this breakout, buying momentum could extend toward the next resistance at 1,511–1,512. Additionally, a period of sideways consolidation may develop within the 1,511–1,512 range as the upper boundary and 1,488–1,489 as the lower boundary. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1503 and 1509 respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.419906 4.456520
EUR 4.797177 4.803905
CNY 0.610675 0.611563
HKD 0.568427 0.572673
SGD 3.294013 3.318606