FKLI
FKLI Spot Month Futures (PM) - 23 Jun 2025
Mon, 23-Jun-2025 02:23 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1495
Resistance
1506 / 1511 / 1516
Support
1501 / 1495 / 1489
Possible Range
1490 to 1520
Strategy
Long positions may be opened above 1501 with targets at 1511/1516 and stop-loss at 1496
Short positions may be opened below 1501 with targets at 1495/1489 and stop-loss at 1506

FKLI June month rose 5 points or 0.33% to closed higher at 1501 on midday session. Malaysia's benchmark index opened below the key 1,500 psychological level on Monday, following a surprise U.S. strike on Iran over the weekend that heightened geopolitical tensions and raised concerns over potential disruptions to Middle East oil supply.

The actively traded FKLI contract opened with a gap down in the morning session, pressured by escalating geopolitical tensions in Iran. From a broader perspective, the index remains within a downward channel, while the hourly chart continues to show a bearish structure of lower highs and lower lows since the open. Our primary view remains a sell-on-rebound strategy. However, the sharp sell-off at the open could trigger some technical buying. If the index holds above the 1,500–1,501 zone, a rebound toward the 1,511–1,512 range is possible. Key support lies at 1,495–1,497; holding above this zone is crucial to maintain any short-term upside bias. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1501 and 1506 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 4.210973 4.249411
EUR 4.954495 4.965490
CNY 0.589445 0.590817
HKD 0.536642 0.541158
SGD 3.306006 3.333319