FKLI
FKLI Spot Month Futures (PM) - 18 Apr 2025
Fri, 18-Apr-2025 02:20 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1487
Resistance
1493 / 1503 / 1513
Support
1487 / 1477 / 1467
Possible Range
1475 to 1515
Strategy
Long positions may be opened above 1487 with targets at 1493/1503 and stop-loss at 1481
Short positions may be opened below 1487 with targets at 1477/1467 and stop-loss at 1493

FKLI Apr month rose 7.5 points or 0.51% to closed higher at 1491 on midday session. Positive sentiment across regional markets lifted Bursa Malaysia for another session, as investors continued to bargain-hunt oversold stocks amid a temporary pause in the ongoing tariff saga.

On the daily chart, the index remains within a downward channel but has broken above the key resistance zone of 1476–1478, which now acts as support. We maintain a buy-on-retracement strategy, with potential upside toward the 1500–1505 range, and possibly extending to around 1515. However, if the index falls back below the 1476–1478 support level, selling pressure may reemerge. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1487 and 1493 respectively.

(News Source: The Star)

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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