FBM KLCI Futures To Trade Sideways With Upward Bias Next Week

By Karina Imran

KUALA LUMPUR, March 1 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade sideways next week with an upward bias until new catalysts emerge, said an analyst. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng anticipates the FBM KLCI to fluctuate between 1,570 and 1,600 next week, representing the support and resistance levels.

"We advise investors to stay alert for bargain-hunting opportunities when the benchmark index approaches oversold levels," he told Bernama. 

For the week just ended, February 2025 contract eased 11.0 points to 1,578.5, March 2025 fell 27.5 points to 1,542.0, June 2025 slipped 28.5 points to 1,545.5, and September 2025 declined 31.0 points to 1,532.0.

Turnover surged to 180,892 lots from 31,820 lots in the previous week, while open interest widened to 49,479 contracts from 43,920 contracts previously.

On a Friday-to-Friday basis, the key index inched down 16.33 points to 1,574.70 compared with 1,591.03 a week earlier.

-- BERNAMA