FKLI
FKLI Spot Month Futures - 14 Aug 2025
Thu, 14-Aug-2025 09:26 am
by Dealing Team • Apex Futures

FKLI
Pivot
1587
Resistance
1601 / 1606 / 1612
Support
1596 / 1591 / 1585
Possible Range
1580 to 1610
Strategy
Long positions may be opened above 1596 with targets at 1601/1606 and stop-loss at 1590
Short positions may be opened below 1596 with targets at 1591/1585 and stop-loss at 1602

FKLI Aug month jumped 27.5 points or 1.75% to closed higher at 1595. Bursa Malaysia extended its winning streak to seven consecutive sessions, with the FBM KLCI closing at a four-month high, driven by US July inflation data that came in slightly below expectations at 2.7 per cent, boosting hopes of a Federal Reserve (Fed) rate cut in September.

The Dow Jones index jumped 463 points to closed higher at 44922 on previous session. The S&P 500 and Nasdaq closed at record highs on Tuesday, as data showing July inflation rising broadly in line with expectations strengthened market bets on a Federal Reserve interest rate cut next month.

The actively traded FKLI contract extended its gains, reaching a new high of 1600.5 on the daily chart since opening, support is now seen at the 1587 to 1590 range, which is crucial to sustaining the current buying momentum. We remain our view that if the index can sustain above the support zone, it has the potential to advance towards the next high in the 1610 to 1615 range. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1596 and 1601, respectively.

(News Source: The Star; Reuters)

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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