FKLI
FKLI Spot Month Futures - 16 May 2025
Fri, 16-May-2025 08:47 am
by Dealing Team • Apex Futures

FKLI
Pivot
1576
Resistance
1583 / 1588 / 1593
Support
1578 / 1572 / 1567
Possible Range
1565 to 1595
Strategy
Long positions may be opened above 1578 targets at 1583/1588 and stop-loss at 1573
Short positions may be opened below 1578 targets at 1572/1567 and stop-loss at 1583

FKLI May month dropped 6.5 points or 0.41 The FBM KLCI snapped its three-day winning streak and closed lower on Thursday, dragged down by banking stocks and a weak performance across regional markets.

Overnight Dow Jones rose 271 points to closed Street closed mixed on Thursday, as gains in Cisco Systems upbeat forecast—were offset by a sharp decline in UnitedHealth following reports of a criminal investigation into the company.

The actively traded FKLI contract closed slightly lower in the previous session, trading within a narrow range as the market entered a sideways consolidation phase. The index recorded a high around 1583 and a low near 1572, reflecting a neutral sentiment. Up if the index holds above the 1576–1578 support range. However, a break below this level could trigger further selling pressure, potentially dragging the index down toward the 1566–1567 zone. sentiment changes. Immediate support and resistance levels at 1578 and 1583, respectively.

(News Source: The star, Reuters)


 

(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
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