FKLI
FKLI Spot Month Futures - 7 June 2024
Fri, 07-Jun-2024 08:30 am
by Dealing Team • Apex Futures

FKLI
Pivot
1617
Resistance
1623 / 1627 / 1631
Support
1616 / 1612 / 1607
Possible Range
1600 to 1630
Strategy
Long positions may be opened above 1617 with targets at 1623/1627 and stop-loss at 1612
Short positions may be opened below 1617 with targets at 1612/1607 and stop-loss at 1622

FKLI June month rose 4 points or 0.25% to closed higher at 1616.5. The Malaysia benchmark’s FBMKLCI index ended the day on an uptick on Thursday, driven by investors seeking bargains in stocks that had dipped below their usual prices following yesterday's profit-taking.

Overnight Dow Jones rose 78 points. The S&P 500 and Nasdaq composite indices closed slightly lower on Thursday, just before a crucial labor market report, stepping back from the record highs achieved in the previous session. Meanwhile, the Dow edged up slightly.

Following the mixed performance of the US market, the FKLI could trade in a range bound. The immediate support and resistant range spotted at 1616 and 1623.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186095 4.224386
EUR 4.685732 4.700656
CNY 0.595462 0.596801
HKD 0.537358 0.541779
SGD 3.239345 3.269267