FKLI
FKLI Spot Month Futures (PM) - 22 May 2025
Thu, 22-May-2025 02:26 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1534
Resistance
1534 / 1539 / 1545
Support
1528 / 1522 / 1517
Possible Range
1520 to 1540
Strategy
Long positions may be opened above 1534 with targets at 1539/1545 and stop-loss at 1529
Short positions may be opened below 1534 with targets at 1528/1522 and stop-loss at 1539

FKLI May month dropped 16.5 points or 1.07% to closed lower at 1528.5 on midday session. Malaysia’s benchmark index extended its losing streak to a sixth consecutive session on Thursday midday, with consolidation pressure pulling it back to trading levels last seen at the end of April

The actively traded FKLI contract continued to trend lower in the previous session. From a broader perspective, the index remains within a downward channel and has recently broken below the key support zone at 1,540–1,541. It appears to be receiving minor support around the 1,528–1,527 area, which is also the support line of minor downward channel. We maintain a sell-on-rebound approach. If this support fails to hold, the index may potentially move lower toward the 1,522–1,520 zone. However, if support holds, some technical buying may emerge, though upside is likely to remain limited. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1528 and 1534 respectively.

(News Source: The Star)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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