FKLI
FKLI Spot Month Futures - 10 January 2024
Wed, 10-Jan-2024 09:10 am
by Dealing Team • Apex Futures

FKLI
Pivot
1500
Resistance
1506 / 1515 / 1530
Support
1491 / 1485 / 1470
Possible Range
1491 to 1506
Strategy
Long positions may be opened above 1500 with targets at 1506/1515 and stop-loss at 1495
Short positions may be opened below 1500 with targets at 1491/1485 and stop-loss at 1505

FKLI Jan month fell 2.5 points or 0.17% to 1496 closed lower. Bursa

Malaysia continued its recent bullish streak, ending higher on Tuesday for

the fifth straight session with buying activities mainly on banking,

telecommunication and consumer stocks while profit-taking was seen on

utility stocks.

Overnight Dow Jones fell 157 points. The S&P 500 and Dow lost ground

and closed lower on Tuesday, pressured by a modest rise in Treasury

yields as investors assessed the timing and size of any Federal Reserve

interest rate cuts in 2024 ahead of inflation data this week.

Following the bearish performance of the US market, the FKLI could trade

lower. A break below 1494.5 (yesterday's low) would target 1491/1485.

On the flip side, the next resistance is located at 1500 (Pivot), followed by

1506 (R1), and finally 1509.5 (Yesterday’s high).

FKLI : 富时隆综指(+0.21%)在公用事业巨头的持续上涨带动下连续第五个交易日上涨。

做多策略 :可在1500上方做多,目标价 1506/1515,止损位1495
做空策略 :可在1500下方做空,目标价 1491/1485,止损位1505

(News Source: The Edge; Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

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