FKLI
FKLI Spot Month Futures (PM) - 14 Apr 2025
Mon, 14-Apr-2025 02:23 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1468
Resistance
1480 / 1490 / 1500
Support
1465 / 1455 / 1445
Possible Range
1450 to 1490
Strategy
Long positions may be opened above 1472 with targets at 1480/1490 and stop-loss at 1465
Short positions may be opened below 1472 with targets at 1465/1455 and stop-loss at 1479

FKLI Apr month rose 22.5 points or 1.55% to closed higher at 1470.5 on midday session. Malaysia’s blue-chip index surged 1.4% at midday, tracking gains across global markets as Trump’s temporary exemption on electronics tariffs boosted sentiment. The FBM KLCI rose 20.68 points to 1,475.44, supported by optimism that the US president may ease earlier tariff proposals.

The actively traded FKLI contract continues to hover near the lower end of a broad downward channel on the daily chart, with key resistance observed around the 1480–1475 range. This zone will be crucial in determining whether buying momentum can build or if the downside bias will persist. On the smaller timeframe, the index is currently supported above the 1460 to 1465 area—a pullback toward this level may offer a buying opportunity. However, failure to hold this support could trigger further selling pressure. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1465 and 1480 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 3.949404 3.981238
EUR 4.633763 4.638745
CNY 0.579561 0.580180
HKD 0.504449 0.508017
SGD 3.094283 3.116286