FBM KLCI Futures Expected To Remain In Consolidation Mode Next Week


The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to remain in consolidation mode next week, said an analyst.

Rakuten Trade vice president of equity research Thong Pak Leng anticipates that sentiment will remain subdued as investors await new market catalysts.

“In the absence of new catalysts, the FBM KLCI is expected to trade sideways with a slight upward movement within the 1,615 to 1,630 range,’ he told Bernama.

For the week just ended, the spot month October 2024 contract and March 2024 contract fell 19.0 points each to 1,616.0 and 1,611.0, respectively, November 2024 declined 27.5 points to 1,620.5, and December 2024 dipped 8.0 points to 1,623.5.

Turnover soared to 64,552 lots from 32,305 lots in the previous week, while open interest surged to 74,284 contracts from 46,103 contracts previously.

On a Friday-to-Friday basis, the FBM KLCI fell 27.69 points to 1,618.30 from 1,645.99 in the previous week.

Source: BERNAMA News Agency

  • malaysiang

    Related Posts

    Sarawak Explores Oceanic Thermal Energy To Boost Renewable Power – Abang Jo

    KUCHING, The Sarawak government is considering the potential for ocean-based energy generation through Oceanic Thermal Energy Conversion (OTEC) technology, aiming to expand its portfolio of renewable energy sources.

    Sarawak Premier Tan Sri Abang Joha…

    Nurul Izzah Urges Kelantan PKR To Expand For Greater Success In Next GE

    TANAH MERAH, PKR branch leaders and members in Kelantan have been urged to intensify efforts to expand party membership to secure more seats in the next general election (GE).

    PKR vice-president Nurul Izzah Anwar said PKR is gaining trust in Kelantan…