FKLI
FKLI Spot Month Futures - 28 Aug 2025
Thu, 28-Aug-2025 09:34 am
by Dealing Team • Apex Futures

FKLI
Pivot
1585
Resistance
1595 / 1601 / 1607
Support
1590 / 1585 / 1578
Possible Range
1570 to 1600
Strategy
Long positions may be opened above 1595 with targets at 1601/1607 and stop-loss at 1590
Short positions may be opened below 1595 with targets at 1590/1585 and stop-loss at 1600

FKLI Aug month rose 13.5 points or 0.86% to closed higher at 1588. The FBM KLCI rebounded on Wednesday, lifted by bargain-hunting in blue-chip counters after the sharp selloff a day earlier, amid mostly weaker regional markets.

The Dow Jones index rose 147 points to close higher at 45565 on previous session. Major U.S. stock indexes advanced on Wednesday, with the S&P 500 closing at a record high ahead of quarterly results from artificial intelligence giant Nvidia (NVDA.O). Meanwhile, the dollar edged up slightly from the previous session’s decline, despite lingering concerns over the U.S. Federal Reserve’s independence.

The actively traded FKLI contract remains upward-biased on the daily chart. After the sharp sell-off on 26 August, the previous session showed signs of technical buying, which may continue toward the immediate resistance at 1594–1596. A breakout above this range could open the way for further gains toward 1600–1602. However, if the immediate resistance fails to break, the index may revert to selling momentum, with downside targets at 1585–1587.  Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1590 and 1595, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.213466 4.244897
EUR 4.946298 4.953651
CNY 0.592866 0.593738
HKD 0.540491 0.544550
SGD 3.282193 3.306905