FBM KLCI Futures Likely To Trade With Upside Bias Next Week
KUALA LUMPUR, Oct 24 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is expected to trade with upside bias next week, in tandem with the underlying cash market.
An analyst expects the FBM KLCI to trade above 1,600 next week on modest buying momentum.
On the week just ended, the FBM KLCI futures traded mostly higher in tandem with mild gains in the underlying cash markets.
On a Friday-to-Friday basis, the October 2026 and November 2026 contracts increased 8.0 points each to 1,607.5 and 1,609.0, respectively.
The December 2026 contract rose 8.5 points to 1,615.0, and the March 2027 contract gained 7.5 points to 1,599.5.
Weekly turnover increased to 33,884 lots on Friday from 33,167 lots last week, while open interest contracted to 44,683 contracts from 47,020 contracts a week earlier.
On a Friday-to-Friday basis, the FBM KLCI rose 3.80 points to 1,611.56 from 1,607.76 a week earlier.
-- BERNAMA