FKLI Related News (Mon, Apr 22)

NEW YORK, April 19 (Reuters) - U.S. stocks rose on Friday as earnings from Google and other companies lifted tech shares, but the gains weren't enough to stop the S&P 500 from suffering its worst week since November. High volatility marked the week, with the S&P 500 falling 2.3 percent on Monday in its worst day since Nov. 7, which fueled talk that the market's long-awaited pullback had arrived. Friday's trading volume, at 6.4 billion, was the lowest of the week, but in line with the average for the year. Much of Boston, a major U.S. financial center and home to a number of the country's biggest mutual fund companies, was under virtual lockdown as police killed one suspect in the Boston Marathon bombing in a shootout and mounted house-to-house searches for a second man.

For the week, the S&P 500 ended down 2.1 percent but the index managed a finish above its 50-day moving average after ending below that level on Thursday for the first time this year. The Dow Jones industrial average rose 10.37 points, or 0.07 percent, to 14,547.51 at the close. The Standard & Poor's 500 Index gained 13.64 points, or 0.88 percent, to finish at 1,555.25. The Nasdaq Composite Index rose 39.69 points, or 1.25 percent, to close at 3,206.06. For the week, the Dow slid 2.1 percent, while the Nasdaq lost 2.7 percent. Markets were roiled earlier in the week by the plunge in gold prices and slower growth out of China, the world's second-largest economy.

Friday's volume totalled 6.4 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, in line with the average daily closing volume of 6.4 billion this year. Advancers outnumbered decliners on the New York Stock Exchange by a ratio of about 11 to 4, while on the Nasdaq, nearly 17 stocks rose for every eight that fell.          [Reuters]

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) slipped into a shallow profit-taking correction last week as local fund support on selected index heavyweights cushioned downside. The correction was sparked by heavy falls on commodity and stock markets abroad due to concerns over slowing global growth after China reported a slower-than-expected first quarter gross domestic (GDP) product growth. Stocks extended profit-taking consolidation amid lacklustre trade on Friday as investors refrained from taking up fresh positions ahead of the weekend. The benchmark blue-chip index ended flat at 1,706.28 after being stuck between early high of 1,710.43 and low of 1,702.6, as losers beat gainers 398 to 269 on much slower trade totalling 776.4 million shares worth RM1.5 billion.          [Business Times]

FKLI spot month contract opened slightly higher this morning at 1,706 following gains in U.S. stocks on Friday as earnings from Google and other companies lifted tech shares. Today’s Support and Resistance for April contract is located around 1,690 and 1,707 respectively.