FKLI
FKLI Spot Month Futures - 14 Jul 2025
Mon, 14-Jul-2025 09:03 am
by Dealing Team • Apex Futures

FKLI
Pivot
1535
Resistance
1535 / 1540 / 1545
Support
1527 / 1522 / 1517
Possible Range
1515 to 1540
Strategy
Long positions may be opened above 1531 with targets at 1535/1540 and stop-loss at 1526
Short positions may be opened below 1531 with targets at 1527/1522 and stop-loss at 1536

FKLI Jul month dropped 4.5 points or 0.29% to closed lower at 1532. The local bourse ended largely unchanged on Friday, capping off a subdued week that saw losses on every day except Thursday, as investors weighed Bank Negara’s OPR decision and lingering concerns over global tariffs.

The Dow Jones index dropped 279 points to closed lower at 44371 on previous session. Losses in Wall Street futures weighed on Asian stocks on Monday, as renewed tariff threats from the U.S. kept investors cautious. However, the market reaction was somewhat muted amid hopes that President Donald Trump’s remarks were largely rhetorical. On Saturday, Trump announced plans to impose a 30% tariff on most imports from the EU and Mexico starting August 1, despite ongoing negotiations.

The actively traded FKLI contract continues to trend within a broader downward channel on the daily chart, with key resistance situated in the 1,560–1,565 range. On the hourly chart, the index shows an upward bias, currently hovering near the support zone of 1,527–1,529. Holding above this range could present buying opportunities, with potential upside targets at 1,532, and possibly extending to 1,538–1,540. However, a failure to hold the 1,527–1,529 support zone may lead to further downside pressure, with the next support level seen at 1,522–1,520. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1527 and 1535, 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 4.235841 4.269471
EUR 4.969005 4.974129
CNY 0.592897 0.593485
HKD 0.539796 0.543571
SGD 3.308321 3.331662