FKLI
FKLI Spot Month Futures - 9 Oct 2025
Thu, 09-Oct-2025 09:59 am
by Dealing Team • Apex Futures

FKLI
Pivot
1625
Resistance
1631 / 1636 / 1641 / 1645
Support
1625 / 1621 / 1617 / 1614
Possible Range
1620 to 1640
Strategy
Long positions may be opened above 1631 with targets at 1636/1641 and stop-loss at 1626
Short positions may be opened below 1631 with targets at 1625/1621 and stop-loss at 1636

FKLI Sep month dropped 6.5 points or 0.40% closed at 1623.5. Bursa Malaysia extended its losses to close marginally lower on Wednesday, mirroring the weaker regional markets amid growing concerns over a prolonged US government shutdown.

The Dow Jones index dropped 1.2 point to close almost flat at 46601 on previous session. Major stock indexes rose on Wednesday, with U.S. and European indexes hitting record highs, while gold extended its recent rally above $4,000 an ounce as a prolonged U.S. government shutdown and expectations of further U.S. interest rate cuts drove demand for the safe-haven asset.

The actively traded FKLI contract closed lower in the previous session, with the index touching a low of 1618.5 before seeing renewed buying momentum. We anticipate that the correction phase may have concluded on the daily chart, and the index could continue to move with an upward bias. Hence, buy on retracement remains the main strategy. We identify a new support range at 1630 to 1631, where any retracement toward this zone could provide buying opportunities, potentially pushing the market toward the first target at 1638 to 1640. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1625 and 1631, respectively. 

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.212894 4.246402
EUR 4.925348 4.934954
CNY 0.592662 0.593823
HKD 0.542079 0.546393
SGD 3.250847 3.276896