KLCI Futures Expected To Track Cash Market Recovery Next Week
By Zufazlin Baharuddin
KUALA LUMPUR, Nov 14 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to track the underlying cash market, with a continued recovery anticipated next week.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that he anticipates the FBM KLCI will trade within a range of 1,580 to 1,600, with selective accumulation potentially supporting a technical rebound.
In the week just ended, FBM KLCI futures traded mostly lower in line with the underlying cash market.
On a Friday-to-Friday basis, the November 2026 contract fell 35.0 points to 1,579.5, the December 2026 contract lost 36.5 points to 1,580.0, the March 2027 contract dropped 36.0 points to 1,563.0 and the June 2027 contract slid 33.5 points to 1,565.5
Weekly turnover narrowed to 37,683 lots on Friday from 39,792 lots last week, while open interest was reduced to 43,006 contracts from 45,731 contracts a week earlier.
On a Friday-to-Friday basis, the FBM KLCI decreased 33.99 points to 1,582.59 from 1,616.58 a week earlier.
-- BERNAMA