FKLI Stalls Below 1,500, FCPO Extends Slide

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FKLI Stalls Below 1,500, FCPO Extends Slide - Business Today

Quick Summary:

RHB Investment Bank Bhd (RHB Research) has maintained its long position on the FTSE Bursa Malaysia KLCI Futures (FKLI), despite the index slipping 7 points to close at 1,490 yesterday, signalling a consolidation phase below the key resistance of 1,500.

The FKLI traded within a tight range of 1,488 to 1,498.

Resistance for FCPO is pegged at RM4,000 and RM4,100, while support is noted at RM3,800, followed by RM3,650.