THE FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound in the coming week, tracking the underlying cash market.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index is expected to remain range-bound for next week, as investors await fresh catalysts.
“From a technical perspective, the FBM KLCI is still trading above its 20-day and 50-day exponential moving averages (EMAs), signalling a continued short-term bullish bias.
“Holding above 1,540 keeps the current setup constructive, with medium-term resistance seen at 1,600,” he told Bernama.
On a Friday-to-Friday basis, the May 2025 contract rose by 22.0 points to 1,567.0, June 2025 expanded 24.5 points to 1,567.5, September 2025 increased 24.5 points to 1,551.5, and December 2025 advanced 23.5 points to 1,560.0.
Weekly turnover surged to 32,337 lots from 21,312 lots in the previous week, while open interest improved to 39,634 contracts against 36,502 contracts previously.
The FBM KLCI advanced by 29.26 points to 1,571.75 at Friday’s close from 1,546.50 a week earlier. — BERNAMA
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