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

FKLI
Pivot
1512
Resistance
1516 / 1521 / 1527
Support
1512 / 1507 / 1501
Possible Range
1500 to 1520
Strategy
Long positions may be opened above 1512 with targets at 1516/1521 and stop-loss at 1507
Short positions may be opened below 1512 with targets at 1507/1501 and stop-loss at 1517

FKLI Mar month rose 11 points or 0.73% to closed higher at 1514.5 on midday session. Malaysia's blue-chip stocks rallied for the second consecutive day, driven by improved regional sentiment as investors anticipated that the US would adopt a more cautious approach in implementing tariffs 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. On the hourly timeframe, the index is standing above the 1,511–1,512 level, which was previously the top of the sideways range and now acts as new support. This suggests that the index is supported and may continue higher toward the 1,521–1,522 range. However, if this new support fails to hold, the index could face selling pressure. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1512 and 1516 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