FKLI
FKLI Spot Month Futures - 24 Jun 2025
Tue, 24-Jun-2025 09:35 am
by Dealing Team • Apex Futures

FKLI
Pivot
1512
Resistance
1517 / 1523 / 1529
Support
1512 / 1506 / 1501
Possible Range
1500 to 1530
Strategy
Long positions may be opened above 1512 with targets at 1517/1523 and stop-loss at 1507
Short positions may be opened below 1512 with targets at 1506/1501 and stop-loss at 1517

FKLI June month rose 12.5 points or 0.84% to closed higher at 1508.5. Late buying interest lifted the FBM KLCI to close sharply higher at its intraday peak on Monday, overcoming lingering investor caution amid mixed performances in regional markets.

The Dow Jones index rose 374 points to closed higher at 42581 on previous session. U.S. stock futures climbed on Monday after President Donald Trump announced a ceasefire agreement between Israel and Iran. S&P 500 E-mini futures rose 0.3%, while Nasdaq futures gained 0.5%, indicating expectations for a positive start on Wall Street when trading resumes on Tuesday.

The actively traded FKLI contract opened higher, tracking positive sentiment across regional markets. While the broader trend still reflects a downward channel, the shorter time frame indicates a sideways consolidation pattern. The index has recovered from last session’s low of 1,478, showing signs of support that may prevent further downside. For the upcoming session, immediate support is seen at the 1,512–1,514 zone—holding above this level could maintain a buying bias, with potential upside toward 1,517 or even 1,523. However, a break below this support range may trigger renewed selling pressure toward the crucial support at 1,506. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1512 and 1517, respectively.

(News Source: The Star; Reuters)

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