FKLI
FKLI Spot Month Futures - 10 June 2024
Mon, 10-Jun-2024 08:36 am
by Dealing Team • Apex Futures

FKLI
Pivot
1619
Resistance
1622 / 1627 / 1632
Support
1615 / 1610 / 1604
Possible Range
1600 to 1630
Strategy
Long positions may be opened above 1618 with targets at 1622/1627 and stop-loss at 1613
Short positions may be opened below 1618 with targets at 1615/1610 and stop-loss at 1623

FKLI June month rose 2 points or 0.12% to close higher at 1618.5. The Malaysia benchmark’s FBMKLCI index ended Friday on a stronger note, buoyed by optimistic investor sentiment and robust purchasing activity in stocks related to commodities.

Overnight Dow Jones down 87 points to 38798. On Friday, the S&P 500 closed almost unchanged, reaching an all-time high during the day, despite a jobs report that surpassed expectations. Throughout the week, stocks recovered from earlier pressure triggered by Friday's jobs report, which caused the yield on the 10-year Treasury benchmark to increase by more than 15 basis points.

Following the mixed performance of the US market, the FKLI could trade in a range bound. The immediate support and resistant range spotted at 1615 and 1622.

(News Source: The Star)

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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