FKLI
FKLI Spot Month Futures - 26 December 2023
Tue, 26-Dec-2023 09:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1456
Resistance
1461 / 1465 / 1473
Support
1453 / 1448 / 1439
Possible Range
1453 to 1461
Strategy
Long positions may be opened above 1458 with targets at 1461/1465 and stop-loss at 1453
Short positions may be opened below 1456 with targets at 1453/1448 and stop-loss at 1461

FKLI Dec month rose 1 point or 0.07% to 1457.5 closed higher. Bursa Malaysia ended marginally lower on Friday in a relatively quiet market ahead of the long weekend, with selling primarily observed in banking, gaming, and plantation stocks.

Overnight Dow Jones fell 18 points. U.S. stocks gyrated to a mixed close on Friday as investors headed into the Christmas holiday weekend, having digested cooler-than-expected inflation data which firmed bets for Federal Reserve interest rate cuts in the new year.

Following the mixed performance of the US market, the FKLI could trade wihtin the range. A break above 1460 (yesterday's high) would target 1465/1473. On the flip side, the next support is located at 1456 (Pivot), followed by 1453 (S1), and finally 1451.5 (Yesterday’s low).

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.471088 4.501214
EUR 4.716896 4.721211
CNY 0.617809 0.618311
HKD 0.574231 0.578627
SGD 3.318606 3.341159