FKLI
FKLI Spot Month Futures - 2 May 2025
Fri, 02-May-2025 08:47 am
by Dealing Team • Apex Futures

FKLI
Pivot
1524
Resistance
1532 / 1539 / 1546
Support
1524 / 1518 / 1513
Possible Range
1510 to 1550
Strategy
Long positions may be opened above 1528 with targets at 1532/1539 and stop-loss at 1522
Short positions may be opened below 1528 with targets at 1524/1518 and stop-loss at 1534

FKLI May month rose 20.5 points or 1.36% to closed higher at 1531. The FBM KLCI ended sharply higher on Wednesday, lifted by bargain-hunting after the prior session’s losses, despite mixed performances across regional markets.

Overnight Dow Jones rose 83 points to closed higher at 40752. U.S. stocks rose on Thursday, with the Dow and S&P 500 marking their eighth consecutive gains as strong earnings from Microsoft and Meta helped ease worries over AI-related spending.

The actively traded FKLI contract continues its upward momentum within a broader downward channel on the daily chart, testing resistance at the 1528–1532 range; a strong breakout above this zone could drive the index higher toward 1536 or even 1545, while any pullback may trigger technical buying with limited downside, as the overall market bias remains upward. Stay cautious of potential sentiment changes. Immediate support and resistance levels are identified at 1524 and 1532, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.061877 4.094367
EUR 4.778623 4.788197
CNY 0.579532 0.580122
HKD 0.522115 0.526303
SGD 3.147144 3.172563