FBM KLCI Futures Expected To See Cautious Trading Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, March 8 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to see cautious trading next week due to market uncertainty, said an analyst. 

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that given this backdrop, investors’ strategy remains defensive, focusing on large-cap stocks with strong fundamentals, low volatility, and high dividend yields, particularly in the banking, plantation, and real estate investment trust sectors.

“From the technical point of view, the FBM KLCI traded lower during the week but held above 1,545, signaling potential support.

“While the widening exponential moving average (EMA) gap suggests caution, the index remains near a strong support zone, increasing the chances of a rebound. Thus we expect it to trade within the 1,540-1,570 range next week,” he added.

For the week just ended, the March 2025 contract fell 24.5 points to 1,517.0, new month April 2025 was at 1,519.5, June 2025 slipped 23.5 points to 1,522.0, and September 2025 declined 21.0 points to 1,511.0.

Turnover tumbled to 38,095 lots from 180,892 lots in the previous week, while open interest narrowed to 41,973 contracts from 49,479 contracts previously.

On a Friday-to-Friday basis, the key index dropped 27.43 points to 1,547.27 compared with 1,574.70 a week earlier.

-- BERNAMA