FKLI
FKLI Spot Month Futures - 13 May 2025
Tue, 13-May-2025 08:56 am
by Dealing Team • Apex Futures

FKLI
Pivot
1543
Resistance
1568 / 1575 / 1582
Support
1555 / 1547 / 1539
Possible Range
1545 to 1575
Strategy
Long positions may be opened above 1562 with targets at 1568/1575 and stop-loss at 1556
Short positions may be opened below 1562 with targets at 1555/1547 and stop-loss at 1568

FKLI May month rose 6.5 points or 0.42% to closed higher at 1545. The FBM KLCI closed higher on Friday, supported by improved investor sentiment following global trade discussions, although the ringgit continued to weaken against the US dollar.

Overnight Dow Jones rose 1160 points to closed higher at 42410. Wall Street’s major indexes surged on Monday, with the S&P 500 reaching its highest level since early March, after a U.S.-China agreement to temporarily reduce tariffs sparked optimism over a potential de-escalation in the global trade war initiated by President Donald Trump in early April.

The index opened with a strong gap up, testing a key resistance zone at 1566–1568, tracking the strong overnight gains from the U.S. market. Momentum appears to be sustained, and a breakout above this resistance could extend the upward trend toward the 1575–1580 range. However, if the resistance holds, some profit-taking may emerge, potentially pulling the index back to the 1555–1558 support area. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1555 and 1568, 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