FBM KLCI Futures To Trade Within Narrow Range Next Week On Cautious Sentiment

By Harizah Hanim Mohamed

KUALA LUMPUR, July 26 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade within a narrow range next week, tracking the underlying cash market.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the resistance level is located at 1,540 and the support at 1,520, with the FBM KLCI is likely to remain range-bound between 1,510 and 1,540 in the coming week.

“Over the past few weeks, the benchmark index has repeatedly tested and hovered around the 1,530 without making a clear breakout. The ongoing sideways movement since June, coupled with thinning volume, signals cautious investor sentiment,” he told Bernama.

On a weekly basis, the spot month July 2025 and August 2025 contracts gained four points each to 1,531.5 and 1,528.5, respectively. September 2025 added 5.5 points to 1,509.5, while December 2025 inched up 3.5 points to 1,511.5.

Turnover for the week improved to 28,103 lots from 25,123 lots in the previous week, while open interest jumped to 48,755 contracts from 38,963 contracts previously.

The FBM KLCI ended the week better, advancing 7.90 points to 1,533.76 from 1,525.86 in the previous week.

-- BERNAMA