FKLI
FKLI Spot Month Futures - 4 Aug 2025
Mon, 04-Aug-2025 10:12 am
by Dealing Team • Apex Futures

FKLI
Pivot
1526
Resistance
1524 / 1528 / 1533
Support
1518 / 1514 / 1509
Possible Range
1510 to 1530
Strategy
Long positions may be opened above 1524 with targets at 1528/1533 and stop-loss at 1519
Short positions may be opened below 1524 with targets at 1518/1514 and stop-loss at 1529

FKLI Aug month rose 11 points or 0.72% to closed higher at 1529.   Bursa Malaysia closed higher on Friday, bucking regional trends, as investor sentiment improved following the US decision to cut tariffs on Malaysian exports to 19% and the unveiling of the 13th Malaysia Plan.

The Dow Jones index dropped 542 points to closed lower at 43588 on previous session. U.S. stocks tumbled on Friday, with the S&P 500 posting its sharpest daily percentage drop in over two months, as fresh U.S. tariffs on numerous trading partners and a weaker-than-expected jobs report fueled heavy selling pressure.

The actively traded FKLI contract remains within a broader downward channel, with the market opening lower in line with the sharp drop on Wall Street overnight. On the hourly chart, movement appears mostly sideways but with a bearish bias. Immediate resistance is seen at 1524–1526; trading below this zone is likely to maintain downside pressure. We continue to favor a sell-on-rebound strategy as our main plan. Key support lies at 1510–1509. However, if the index manages to break above the resistance zone, it could move higher, though with limited upside, potentially reaching 1527–1528. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1518 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 4.212042 4.248408
EUR 4.921000 4.929487
CNY 0.591903 0.592919
HKD 0.540309 0.544492
SGD 3.268153 3.293573