FKLI
FKLI Spot Month Futures - 23 May 2025
Fri, 23-May-2025 09:00 am
by Dealing Team • Apex Futures

FKLI
Pivot
1533
Resistance
1533 / 1540 / 1547
Support
1527 / 1521 / 1515
Possible Range
1515 to 1545
Strategy
Long positions may be opened above 1533 with targets at 1540/1547 and stop-loss at 1528
Short positions may be opened below 1533 with targets at 1527/1521 and stop-loss at 1538

FKLI May month dropped 17 points or 1.10% to closed lower at 1528. The FBM KLCI closed at its intraday low on Thursday, weighed down by selling pressure in banking stocks and a broadly weak performance across regional markets.

Overnight Dow Jones little changed by 1.35 points to closed almost flat at 41859. U.S. stocks ended a volatile session mostly flat on Thursday, recovering from earlier losses as Treasury yields pulled back from recent highs following the House of Representatives' approval of President Donald Trump's tax and spending bill.

The actively traded FKLI contract continued its downward trend in the previous session. From a broader perspective, the index remains within a descending channel and has recently broken below the key support zone at 1,540–1,542, which now acts as an important resistance area. On the hourly timeframe, some technical buying interest may emerge, potentially lifting the index back toward the resistance zone at 1,540–1,542—provided it can break above the 1,533 level. Otherwise, the selling momentum is likely to persist. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1527 and 1533, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.060398 4.090876
EUR 4.772014 4.774503
CNY 0.579057 0.579372
HKD 0.522130 0.525548
SGD 3.142987 3.163685