KLCI Futures Expected To See Some Recovery Next Week

By Anas Abu Hassan

KUALA LUMPUR, Nov 29 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trend with an upward bias next week, tracking the underlying cash market.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that the FBM KLCI had been in an oversold condition, which may prompt investors to begin positioning on weakness and to increase valuations.  

"We anticipate the benchmark index to trend within the 1,600–1,630 range for next week," he told Bernama.

Meanwhile, trading on Bursa Malaysia’s derivatives market was halted on Friday following a Globex system outage caused by a cooling issue at CyrusOne data centres in the United States.

Globex is Chicago Mercantile Exchange (CME) Group’s electronic trading platform for global derivatives trading.

Compared with last week’s Friday, the November 2025 contract declined 4.5 points to 1,619.0 in this week’s Thursday session, the December 2025 contract fell five points to 1,618.5, the March 2026 contract eased 6.5 points to 1,600.0, and the June 2026 contract slipped four points to 1,607.0

Turnover for the week improved to 184,536 lots from 32,615 lots a week ago, while open interest widened to 75,903 contracts from 45,643 contracts previously.

Meanwhile, on a Friday-to-Friday basis for the cash market, the FBM KLCI fell 13.10 points to 1,604.47 from last week's 1,617.57.

-- BERNAMA