FKLI
FKLI Spot Month Futures - 28 February 2024
Wed, 28-Feb-2024 08:09 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1558
Resistance
1567 / 1573 / 1588
Support
1552 / 1543 / 1528
Possible Range
1552 to 1567
Strategy
Long positions may be opened above 1558 with targets at 1567/1573 and stop-loss at 1553
Short positions may be opened below 1558 with targets at 1552/1543 and stop-loss at 1563

FKLI Feb month rose 12.5 points or 0.81% to 1561.5 closed higher. Bursa Malaysia’s benchmark index continued its upward trajectory on Tuesday to end at its highest level since May 2022 on strong buying activities in heavyweights led by YTL Corp Bhd, Axiata Group Bhd and YTL Power International Bhd.

Overnight Dow Jones fell 96 points. The S&P 500 ended higher on Tuesday, lifted by gains in Apple and Macy's, while investors awaited economic data that could shed light on when the Federal Reserve will begin cutting interest rates.

Following the mixed performance of the US market, the FKLI could trade within the range. A break above 1563 (Yesterday's high) would target 1567/1573. On the flip side, the next support is located at 1558 (Pivot), followed by 1552 (S1), and finally 1548 (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 (-0.45%) 收于 2022 年 5 月以来的最高水平。

做多策略 :可在1558上方做多,目标价 1567/1573,止损位1553

做空策略 :可在1558下方做空,目标价 1552/1543,止损位1563

(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