FKLI
FKLI Spot Month Futures - 8 March 2024
Fri, 08-Mar-2024 08:30 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1515
Resistance
1520 / 1525 / 1535
Support
1510 / 1505 / 1495
Possible Range
1510 to 1525
Strategy
Long positions may be opened above 1515 with targets at 1520/1525 and stop-loss at 1510
Short positions may be opened below 1515 with targets at 1510/1505 and stop-loss at 1520

FKLI Mar month rose 2.5 points or 0.17% to 1514 closed higher. Bursa Malaysia closed higher on Thursday as risk appetite was lifted after Bank Negara Malaysia (BNM) kept the overnight policy rate (OPR) unchanged at 3%, a move seen as supportive of the domestic economy.

Overnight Dow Jones rose 130 points. Stocks rose Thursday amid a broad rally led by tech as Fed Chair Jerome Powell sat down for another day of Congressional testimony.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1521 (Yesterday's high) would target 1525/1535. On the flip side, the next support is located at 1511 (yeterday’s low), followed by 1505 (S2), and finally 1495 (S3).

FKLI : 富时隆综指 (+0.28%) 昨日攀升,结束两日连跌,其成分股中有 16 只上涨,8 只下跌。

做多策略 :可在1515上方做多,目标价 1520/1525,止损位1510

做空策略 :可在1515下方做空,目标价 1510/1505,止损位1520

(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