FKLI
FKLI Spot Month Futures - 26 Mar 2025
Wed, 26-Mar-2025 08:31 am
by Dealing Team • Apex Futures

FKLI
Pivot
1501
Resistance
1508 / 1513 / 1518
Support
1500 / 1495 / 1489
Possible Range
1495 to 1515
Strategy
Long positions may be opened above 1503 with targets at 1508/1513 and stop-loss at 1498
Short positions may be opened below 1503 with targets at 1500/1495 and stop-loss at 1508

FKLI Mar month rose 12.5 points or 0.84% to closed higher at 1503.5. Bursa Malaysia's blue-chip index climbed during on previous session as bargain hunters stepped in, despite concerns over the impending US trade tariffs set to take effect in April.

Overnight Dow Jones index rose 4 points to closed moderately higher at 42587. Wall Street stocks closed higher on Tuesday, driven by gains in Apple, while Nvidia declined as investors analyzed consumer sentiment data and anticipated a more flexible trade policy stance from the Trump administration next week.

The actively traded FKLI contract remains in a broader downtrend on the larger timeframe but has recently formed a sideways consolidation within an upward channel, indicating a neutral sentiment and a temporary pause in selling pressure. On the hourly timeframe, the sideways range is defined by resistance at 1,511–1,512 and support at 1,588–1,589. The index is currently trading above the mid-range at 1,500–1,501. Holding above this level could present a buying opportunity, potentially pushing prices toward the upper range or even higher. However, failure to maintain support at the mid-range may lead to renewed selling pressure. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1500 and 1508, respectively.

(News Source: The Star; Reuters)

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 4.438795 4.472568
EUR 4.812854 4.816325
CNY 0.611771 0.612291
HKD 0.570562 0.574463
SGD 3.306949 3.329359