FKLI
FKLI Spot Month Futures - 13 March 2024
Wed, 13-Mar-2024 08:24 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1536
Resistance
1546 / 1552 / 1567
Support
1530 / 1521 / 1505
Possible Range
1530 to 1552
Strategy
Long positions may be opened above 1536 with targets at 1546/1552 and stop-loss at 1531
Short positions may be opened below 1536 with targets at 1530/1521 and stop-loss at 1541

FKLI Mar month rose 13 points or 0.85% to 1540 closed higher. Bursa Malaysia extended its gains to close higher for the fourth straight day on Tuesday, supported by continuous buying in most heavyweights amidst the recovery tone in regional markets.

Overnight Dow Jones rose 235 points. Wall Street rallied on Tuesday, cheering a slightly hot consumer price index report for February that kept alive a majority of market bets that the Federal Reserve will cut interest rates in June, despite worries inflation may be getting too sticky.

Following the bullish performance of the US market, the FKLI could trade higher. A break above 1542 (Yesterday's high) would target 1546/1552. On the flip side, the next support is located at 1536 (Pivot), followed by 1530 (S1), and finally 1517 (Yesterday’s low).

FKLI : 富时隆综指(+0.31%)在马来亚银行和联昌国际等银行股的买盘兴趣带动下,连续第四天扩大涨幅。

做多策略 :可在1536上方做多,目标价 1546/1552,止损位1531

做空策略 :可在1536下方做空,目标价 1530/1521,止损位1541

(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