11 Sep 2025 BMD Local Market

LOCAL MARKET 

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FKLI

FKLI Sep month rose 5 points or 0.32% closed higher at 1574.5 on previous trading session. Bursa Malaysia ended trading on a positive note yesterday, marking its third consecutive day of gains in line with other major Asian bourses. 

The Dow Jones index dropped 220 points to close lower at 45490 on previous session. The S&P 500 and Nasdaq closed at record highs on Wednesday, lifted by a surge in Oracle shares and cooler-than-expected inflation data, which bolstered expectations of a U.S. Federal Reserve rate cut next week.

The actively traded FKLI contract traded within a narrow range last week after rolling into the new active month. On the daily chart, the index continued to find support above the 1,545–1,550 zone, sustaining its position within a broader upward channel. On the hourly chart, we remain our view that technical buying momentum remains intact, with immediate resistance at 1,575–1,577. A breakout above this range could extend gains toward 1,586-1588, while failure to do so may trigger renewed selling pressure. Immediate support is seen at 1568-1566, which is crucial for maintaining the short-term upward momentum. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1573 and 1578, respectively. 

(News Source: The Star; Reuters)

Recommend Trading Plan:

Long positions may be opened above 1573 with targets at 1578/1583 and stop-loss at 1568

Short positions may be opened below 1573 with targets at 1568/1563 and stop-loss at 1578

FCPO

FCPO Nov month dropped 66 points or 1.47% to closed lower at 4413. Malaysian palm oil futures dropped for a second session on Wednesday, weighed down by weakness in Chicago and Dalian vegetable oils, while weak export demand added pressure.

CBOT soyoil active traded contract rose 0.53 point to closed higher at 51.01 on previous session. Dalian’s active palm oil contract dropped 38 points to closed lower at 9302 on previous night session.

The actively traded FCPO contract came under strong selling pressure in the previous session, dropping to a low of 4381 before rebounding above the 4400 range. Currently, the 4400–4410 zone serves as a crucial uptrend support line on the daily chart. On the hourly chart, prices are holding above the 4380–4375 range, keeping technical buying momentum intact. A rebound could extend toward the 4440–4445 resistance zone, with a breakout potentially driving prices higher toward 4467. However, failure to break this resistance may trigger renewed selling pressure back toward 4380–4375. Beware of any potential sentiment changes. The immediate support and resistance levels are pinpointed at 4402 and 4424, respectively. 

(News Source: Reuters)

Recommend Trading Plan:

Long positions may be opened above 4424 with targets at 4446/4467 stop-loss at 4404

Short positions may be opened below 4424 with targets at 4402/4378 stop-loss at 4444

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.