FKLI
FKLI Spot Month Futures - 23 Jun 2025
Mon, 23-Jun-2025 09:52 am
by Dealing Team • Apex Futures

FKLI
Pivot
1497
Resistance
1490 / 1496 / 1501
Support
1485 / 1479 / 1474
Possible Range
1480 to 1500
Strategy
Long positions may be opened above 1490 with targets at 1496/1501 and stop-loss at 1485
Short positions may be opened below 1490 with targets at 1485/1479 and stop-loss at 1495

FKLI June month rose 1.5 points or 0.10% to closed higher at 1496. Malaysia’s benchmark index opened below the key 1,500 psychological level on Monday, following the U.S.'s unexpected attack on Iran over the weekend, which heightened geopolitical tensions and raised concerns over potential disruptions to Middle East oil supply.

The Dow Jones index rose 35 points to closed slightly higher at 42206 on previous session. Investors are preparing for a potential knee-jerk selloff in stock markets on Monday, as the U.S. attack on Iran over the weekend heightens fears of retaliation and surging oil prices. 

The actively traded FKLI contract opened with a gap down during the morning session, pressured by heightened geopolitical tensions in Iran. On the broader view, the index remains within a downward channel, with the hourly chart showing a bearish pattern of lower highs and lower lows since the open.The index touched a low near the 1,480–1,478 zone before staging a technical rebound, offering potential for short-term buying toward the resistance at 1,490 or possibly up to 1,496. However, fresh selling pressure may emerge at those levels. Our primary strategy remains sell on rebound, unless the index is able to break decisively above the 1,500 mark. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1485 and 1490, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.210973 4.249411
EUR 4.954495 4.965490
CNY 0.589445 0.590817
HKD 0.536642 0.541158
SGD 3.306006 3.333319