FKLI
FKLI Spot Month Futures - 8 January 2024
Mon, 08-Jan-2024 08:57 am
by Dealing Team • Apex Futures

FKLI
Pivot
1487
Resistance
1495 / 1500 / 1514
Support
1482 / 1473 / 1460
Possible Range
1482 to 1500
Strategy
Long positions may be opened above 1487 with targets at 1495/1500 and stop-loss at 1482
Short positions may be opened below 1487 with targets at 1482/1473 and stop-loss at 1492

FKLI Jan month rose 8.5 points or 0.57% to 1490 closed higher. Bursa Malaysia continues its upward trajectory on Friday to end at its highest level in almost a year on strong buying in heavyweights led by YTL Corp Bhd and YTL Power International Bhd.

Overnight Dow Jones rose 25 points. U.S. stock indexes endured a topsy-turvy session on Friday but ultimately closed marginally higher, although the small gains did not stop the S&P 500 and Nasdaq Composite from starting 2024 with their worst weekly showing in months.

Following the mixed performance of the US market, the FKLI could trade within the range. A break above 1492 (yesterday's high) would target 1495/1500. On the flip side, the next support is located at 1487 (Pivot), followed by 1482 (S1), and finally 1478.5 (Yesterday’s low).

FKLI : 富时隆综指(+0.7%)在YTL上周五飙升的带动下延续涨势。

做多策略 :可在1487上方做多,目标价 1495/1500,止损位1482

做空策略 :可在1487下方做空,目标价 1482/1473,止损位1492

(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