FKLI
FKLI Spot Month Futures (PM) - 17 Apr 2025
Thu, 17-Apr-2025 02:24 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1477
Resistance
1489 / 1499 / 1509
Support
1475 / 1465 / 1455
Possible Range
1475 to 1505
Strategy
Long positions may be opened above 1482 with targets at 1489/1499 and stop-loss at 1476
Short positions may be opened below 1482 with targets at 1475/1465 and stop-loss at 1489

FKLI Apr month rose 22.5 points or 1.54% to closed higher at 1487 on midday session. Positive sentiment from investment deals signed during Chinese President Xi Jinping's visit to Malaysia boosted buying interest on Bursa Malaysia.

The actively traded FKLI contract has been trading with positive momentum since the opening session, supported above the lower boundary of the sideways range at 1460–1465 and trending higher on the daily chart. With a breakout above the 1475–1477 zone, this area now acts as a new support range. We maintain a buy-on-retracement outlook for the upcoming sessions, with potential upside toward the 1490–1495 level. However, if the index fails to break above the 1487–1489 resistance, it may return to sideways consolidation. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1475 and 1489 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