FBM KLCI Futures Likely To Trade With Positive Trajectory Next Week


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, said the overall market trend remains positive, with a potential upward trajectory.

“As investors begin to factor in the likelihood of a rate cut in the United States, the returns on traditional savings and fixed-income investments, such as bonds, tend to diminish.

“Consequently, investors in search of higher yields are likely to turn towards the Asia-Pacific region, with Malaysia particularly poised to benefit from increased foreign inflows,” he said.

For the week just ended, the August 2024 and September 2024 contracts increased by 16.5 points each to 1,641.15 and 1,622.5, respectively, December 2024 added 15.0 points to 1,627.0 and March 2025 gained 15.5 points to 1,513.5.

Turnover rose to 46,457 lots from 38,107 in the previous week, while open interest s
oared to 49,429 contracts from 48,130 contracts.

On a Friday-to-Friday basis, the FBM KLCI increased by 11.84 points to 1,635.74 from last week’s 1,623.90.

Source: BERNAMA News Agency

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