FKLI
FKLI Spot Month Futures - 9 January 2024
Tue, 09-Jan-2024 08:49 am
by Dealing Team • Apex Futures

FKLI
Pivot
1498
Resistance
1505 / 1512 / 1525
Support
1492 / 1485 / 1471
Possible Range
1492 to 1512
Strategy
Long positions may be opened above 1498 with targets at 1505/1512 and stop-loss at 1493
Short positions may be opened below 1498 with targets at 1492/1485 and stop-loss at 1503

FKLI Jan month rose 8.5 points or 0.57% to 1498.5 closed higher. Bursa Malaysia saw follow-through buying from last week with the FTSE Bursa Malaysia KLCI (FBM KLCI) ending broadly higher for the fourth consecutive day on Monday, led by construction and energy stocks.

Overnight Dow Jones rose 216 points. Wall Street's major indexes advanced on Monday with the Nasdaq composite's 2.2% rally leading the charge, backed by gains in technology and in particular, sharp out-performance in chip stocks.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1505 (yesterday's high) would target 1512/1525. On the flip side, the next support is located at 1498 (Pivot), followed by 1491.5 (Yesterday’s low), and finally 1485 (S2).

FKLI : 富时隆综指(+0.54%)连续第四天延续涨势,其成分股三分之二上涨。

做多策略 :可在1498上方做多,目标价 1505/1512,止损位1493
做空策略 :可在1498下方做空,目标价 1492/1485,止损位1503

(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