FKLI Roars Back Above 1,450

Quick Summary:

The FBM KLCI Futures (FKLI) staged a strong comeback on Wednesday, surging 56.60 points to close at 1,462 — prompting RHB Investment Bank Bhd (RHB Research) to shift its trading bias from bearish to bullish.Opening at 1,392.

The commodity remains below key moving averages and has yet to breach the RM4,300 resistance.

Meanwhile, RHB Research maintained a bearish stance on crude palm oil futures (FCPO), despite a RM53 rebound to RM4,200.

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Article Details

Author / Journalist: Shahrizal

Category: InvestingBusiness

Markets: Malaysia

Topics: Bursa Morning brief Markets

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Article Type: News Report

Published On: 2025-04-10 @ 23:52:33 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

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