FKLI
FKLI Spot Month Futures - 2 Sep 2025
Tue, 02-Sep-2025 08:49 am
by Dealing Team • Apex Futures

FKLI
Pivot
1555
Resistance
1565 / 1570 / 1573 / 1578
Support
1547 / 1544 / 1532 / 1520
Possible Range
1532 to 1565
Strategy
Long positions may be opened above 1553 with targets at 1565/1570 and stop-loss at 1544
Short positions may be opened below 1544 with targets at 1532/1520 and stop-loss at 1553

FKLI Sep month dipped 14 points or 0.90% to closed at 1548. The FBM KLCI ended near low, bringing a second day weakness amid cautious sentiment.

The Dow Jones index dropped 92 points to close slightly lower at 45544 on previous session. The S&P 500 slipped from its record highs on Friday, dragged lower by declines in Dell, Nvidia, and other AI-linked stocks, as investors assessed inflation data indicating that tariffs have begun to feed into prices.

The actively traded FKLI Sep contract is seen to be pressured downwards despite the foreseen discounted spread against the cash market of approximately 27 points. Given the FKLI has just rolled over to September, the index closed around the immediate support level of the continuous daily chart, identified at 1547. The market may find buying interest around this level, but if support fails, the direction could shift toward further selling. On the upside, resistant levels is seen around 1565 – 1570. A breakout above this zone could drive index toward the next target at 1573 – 1578, shifting momentum back to an upward bias. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1547 and 1565, 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