FKLI
FKLI Spot Month Futures - 25 Apr 2025
Fri, 25-Apr-2025 07:00 am
by Dealing Team • Apex Futures

FKLI
Pivot
1509
Resistance
1518 / 1526 / 1534
Support
1509 / 1502 / 1495
Possible Range
1480 to 1520
Strategy
Long positions may be opened above 1513 with targets at 1518/1526 and stop-loss at 1507
Short positions may be opened below 1513 with targets at 1509/1502 and stop-loss at 1519

FKLI Apr month rose 3.5 points or 0.23% to close higher at 1500. The FBM KLCI extended its upward momentum, closing higher on Thursday, even as regional markets posted mixed performances amid persistent tariff-related uncertainties.

Overnight Dow Jones rose 486 points to close higher at 40093. Major U.S. stock indexes climbed on Thursday, led by a strong rally in technology shares, as investors looked ahead to new developments in the U.S.-China trade dispute. The S&P 500's technology sector surged 3.5%, marking the largest gain among all sectors in the benchmark index. Meanwhile, the dollar eased back after its recent gains.

The actively traded FKLI contract continues to move within a broader downward channel on the daily chart but is currently showing upward momentum, supported by technical buying. On the shorter time frame, the index remains within an upward channel, with new support holding above the 1498–1500 range. We maintain our view to buy on retracement, as long as this support holds, with the potential for the index to test the crucial resistance at 1515–1518. A breakout above this level could lead to further upside, while failure to do so may trigger mild selling pressure due to profit-taking or technical correction. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1509 and 1518, respectively.

 

(News Source: The star, Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.353768 4.388176
EUR 4.972823 4.977858
CNY 0.599000 0.599600
HKD 0.561405 0.565352
SGD 3.320010 3.343413