RHB Research: Stay Long On FKLI, Short On CPO Despite Mixed Signals

Quick Summary:

RHB Investment Bank Bhd (RHB Research) is maintaining its long positions on the FKLI and short positions on crude palm oil futures (FCPO), as both markets continue to move within consolidation ranges.

For the FKLI, the index dipped 4.50 points to close at 1,485.50 after fluctuating between 1,490 and 1,479 during Tuesday’s session.

Resistance is seen at RM4,000 and RM4,100, while support levels are marked at RM3,800 and RM3,650.

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Article Details

Author / Journalist: Shahrizal

Category: InvestingBusiness

Markets: Malaysia

Topics: Markets FKLI CPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 00:59:36 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 278 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Today

News ID: 28162158

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