FKLI
FKLI Spot Month Futures - 24 January 2024
Wed, 24-Jan-2024 08:47 am
by Dealing Team • Apex Futures

FKLI
Pivot
1499
Resistance
1505 / 1509 / 1519
Support
1495 / 1489 / 1479
Possible Range
1495 to 1509
Strategy
Long positions may be opened above 1499 with targets at 1505/1509 and stop-loss at 1494
Short positions may be opened below 1499 with targets at 1495/1489 and stop-loss at 1504

FKLI Jan month rose 6 points or 0.40% to 1500 closed higher. Bursa Malaysia closed higher for the third consecutive day on Tuesday, buoyed by continuous buying support in the heavyweight counters, especially banking-related stocks, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision.

Overnight Dow Jones rose 138 points. The S&P 500 climbed to a record high close on Tuesday as investors digested a mixed bag of early quarterly results and awaited a slew of additional reports from Tesla and other companies later this week.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1503.5 (Yesterday's high) would target 1505/1509. On the flip side, the next support is located at 1499 (Pivot), followed by 1495 (S1), and finally 1493.5 (Yesterday’s low).

FKLI : 富时隆综指(+0.33%)连续第三次上涨,这与积极的区域表现一致,主要是受到隔夜华尔街的积极溢出效应的推动。

做多策略 :可在1499上方做多,目标价 1505/1509,止损位1494
做空策略 :可在1499下方做空,目标价 1495/1489,止损位1504

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
HKD 0.537155 0.542118
SGD 3.243708 3.273864