FKLI
FKLI Spot Month Futures - 5 January 2024
Fri, 05-Jan-2024 09:13 am
by Dealing Team • Apex Futures

FKLI
Pivot
1475
Resistance
1490 / 1498 / 1521
Support
1467 / 1452 / 1429
Possible Range
1467 to 1490
Strategy
Long positions may be opened above 1475 with targets at 1490/1498 and stop-loss at 1470
Short positions may be opened below 1475 with targets at 1467/1452 and stop-loss at 1480

FKLI Jan month rose 14.5 points or 0.99% to 1481.5 closed higher. Bursa Malaysia continues its uptrend at the close on Thursday due to increased interest from retail and repositioning of portfolios by institutional and foreign investors.

Overnight Dow Jones rose 10 points. U.S. stocks continue to unwind some of the gains from late in 2023, with the S&P 500 falling for the third-straight day of the new year, as investors recalibrate the expected aggressiveness of the Federal Reserve in cutting interest rates.

Following the mixed performance of the US market, the FKLI could trade within the range. A break above 1483.5 (yesterday's high) would target 1490/1498. On the flip side, the next support is located at 1475 (Pivot), followed by 1467 (S1), and finally 1460.5 (Yesterday’s low).

FKLI : 受超过三分之二主要指数成分股上涨的推动,富时隆综指(+1.02%)扩大了领先优势。

做多策略 :可在1475上方做多,目标价 1490/1498,止损位1470

做空策略 :可在1475下方做空,目标价 1467/1452,止损位1480

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.226942 4.260444
EUR 4.723982 4.728876
CNY 0.598324 0.598990
HKD 0.542537 0.546362
SGD 3.269503 3.292710