KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to move in tandem with the underlying cash market next week. UOB Kay Hian Wealth Advisors’ head of investment research, Mohd Sedek Jantan, indicated that the FBM KLCI futures are anticipated to continue their upward trajectory for the week ahead, extending the positive momentum seen this week.
According to BERNAMA News Agency, influential developments include the recent Republican victory in the United States (US) election, anticipated rate cuts from both the US Federal Reserve and the Bank of England, and China’s ongoing commitment to supportive monetary policy to drive economic recovery. Mohd Sedek also highlighted that the Department of Statistics Malaysia (DOSM) will release the Gross Domestic Product (GDP) data for the third quarter of 2024 on Friday next week.
Mohd Sedek mentioned that the GDP is expected to be closely aligned with the advance estimate of 5.3 per cent. He stated that any GDP
reading above 5.0 per cent should enhance investor sentiment, reinforcing confidence in Malaysia’s economic resilience.
For the week just ended, November 2024 and March 2025 futures added 16.5 points each to 1,621.5 and 1,613.0, respectively, December 2024 gained 17.5 points to 1,625.5, and June 2025 rose 26.0 points to 1,621.0. Turnover dipped to 35,551 lots from 46,457 in the previous week, while open interest slid to 36,492 contracts from 49,429 contracts previously. On a Friday-to-Friday basis, the FBM KLCI increased by 17.26 points to 1,621.24 from last week’s 1,603.98.