FKLI
FKLI Spot Month Futures - 6 Jun 2025
Fri, 06-Jun-2025 09:13 am
by Dealing Team • Apex Futures

FKLI
Pivot
1514
Resistance
1514 / 1520 / 1525
Support
1509 / 1504 / 1498
Possible Range
1500 to 1520
Strategy
Long positions may be opened above 1509 with targets at 1514/1520 and stop-loss at 1504
Short positions may be opened below 1509 with targets at 1504/1498 and stop-loss at 1514

FKLI June month rose 13 points or 0.86% to closed higher at 1518.5. Bursa Malaysia closed higher for a second straight day, supported by continued bargain hunting following last week’s sell-off, in line with positive sentiment across regional markets.

Overnight Dow Jones dropped 108 points to closed lower at 42319. Wall Street closed lower on Thursday in choppy trading, as a sharp decline in Tesla shares outweighed optimism from reported progress in tariff talks between U.S. President Donald Trump and Chinese President Xi Jinping.

The actively traded FKLI contract, on the daily chart, is currently trading around the mid-point of a broad downward channel. After facing selling pressure from May 15 to June 3, the price found support around the 1,498–1,497 zone, signaling potential upward bias on technical buying. At this stage, a sideways consolidation may develop, with immediate support seen at 1,505–1,504. If this range holds, buying could continue. However, if it breaks below, further selling pressure may drive the index toward 1,500 or even lower. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1509 and 1514, respectively.

(News Source: The Malaysia Reserve, 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