FKLI
FKLI Spot Month Futures - 26 Jun 2025
Thu, 26-Jun-2025 08:55 am
by Dealing Team • Apex Futures

FKLI
Pivot
1522
Resistance
1524 / 1529 / 1534
Support
1516 / 1511 / 1506
Possible Range
1505 to 1535
Strategy
Long positions may be opened above 1520 with targets at 1524/1529 and stop-loss at 1515
Short positions may be opened below 1520 with targets at 1516/1511 and stop-loss at 1525

FKLI June month rose 6.5 points or 0.43% to closed higher at 1522. The FBM KLCI closed higher on Wednesday, with the benchmark index gaining 0.36%, supported by renewed optimism across the board. The positive sentiment was in line with advances seen in key regional markets, driven by encouraging developments in the Middle East, according to an analyst. 

The Dow Jones index dropped 106 points to closed lower at 42982 on previous session. U.S. stocks eased on Wednesday, ending a two-day rally, as investors took a cautious stance amid the fragile Israel-Iran ceasefire and closely followed the second day of Federal Reserve Chair Jerome Powell’s congressional testimony.

The actively traded FKLI contract extended its upward momentum, buoyed by positive regional sentiment. Although the broader trend remains within a downward channel, the short-term outlook indicates a sideways consolidation with an upward bias. Some technical correction may occur, with crucial support seen at the 1,516–1,517 zone. Holding above this level may sustain buying interest toward the 1,524 level, while a failure to hold could trigger renewed selling pressure. Overall, our outlook for the index market remains positive. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1516 and 1524, 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