FKLI
FKLI Spot Month Futures - 25 April 2024
Thu, 25-Apr-2024 07:23 am
by Futures Dealing • Apex Futures

FKLI
Pivot
1567
Resistance
1575 / 1579 / 1591
Support
1563 / 1555 / 1543
Possible Range
1563 to 1575
Strategy
Long positions may be opened above 1567 with targets at 1575/1579 and stop-loss at 1562
Short positions may be opened below 1567 with targets at 1563/1555 and stop-loss at 1572

FKLI Apr month rose 11 points or 0.71% to 1571 closed higher. Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.

Overnight Dow Jones fell 42 points. After spending Wednesday's session switching between red and green, the S&P 500 finished essentially flat, while the Nasdaq Composite edged up 0.1% and the Dow Industrials inched down 0.1% as earnings season progressed, and investors awaited first quarter GDP data due out on Thursday.

Following the mixed performance of the US market, the FKLI could trade within the range. A break above 1571 (Yesterday's high) would target 1575/1579. On the flip side, the next support is located at 1567 (Pivot), followed by 1563 (Yesterday’s low), and finally 1559 (Yesterday’s low).

(News Source: The Edge; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.143353 4.175289
EUR 4.627335 4.635403
CNY 0.591281 0.591775
HKD 0.532272 0.535891
SGD 3.214986 3.240064