FKLI
FKLI Spot Month Futures - 12 June 2024
Wed, 12-Jun-2024 08:25 am
by Dealing Team • Apex Futures

FKLI
Pivot
1612
Resistance
1614 / 1618 / 1623
Support
1606 / 1601 / 1596
Possible Range
1600 to 1630
Strategy
Long positions may be opened above 1610 with targets at 1614/1618 and stop-loss at 1605
Short positions may be opened below 1610 with targets at 1606/1601 and stop-loss at 1615

FKLI June month dropped 0.5 points or 0.03% to close marginally lower at 1611. The Malaysia benchmark’s FBMKLCI closed lower on Tuesday as investors continued to show interest in small-cap stocks.

Overnight Dow Jones down 120 points to 38747. Wall Street ended with a mixed performance on Tuesday. The Dow index experienced a slip, whereas both the Nasdaq and the S&P 500 reached record highs, rebounding from initial losses. This movement occurred as investors geared up for forthcoming inflation figures and the U.S. Federal Reserve's policy meeting.

After the mixed performance of the US market, the FKLI may continue to trade within a range, with a slight upward bias but constrained. The immediate support and resistance levels are identified at 1606 and 1614, respectively.

(News Source: NST; 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