By Nurunnasihah Ahmad Rashid
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound with a “cautious bias” within 1,700–1,730 next week, in line with the cash market.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that volatility could stay heightened as investors keep a close watch on developments in West Asia and fluctuations in oil prices.
He said energy-linked counters may see some support, but overall market participation is likely to remain muted as investors maintain a defensive stance.
Futures contracts traded mixed in this holiday-shortened week in tandem with the cash market.
Bursa Malaysia and its subsidiaries were closed yesterday (May 1) in conjunction with the Labour Day public holiday.
From the end of last week to Thursday, the April 2026 contract rose 4.5 points to 1,719.0, May 2026 gained 3.0 points to 1,719.5, June 2026 added 2.5 points to 1,718.5, and September 2026 increased 6.0 points to 1,701.0.
Weekly turnover grew to 190,023 lots from 44,733 lots last week, while open interest fell to 43,924 contracts from 45,733 contracts at the preceding week’s close.
The FBM KLCI finished this week 1.68 points higher at 1,722.02 compared with 1,720.34 on Friday last week.
— BERNAMA
