FBM KLCI Futures Expected To Trade Higher Next Week

By Abdul Hamid A Rahman

KUALA LUMPUR, Aug 30 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week, supported by a positive outlook on the cash market, according to an analyst.

UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the uptrend would be backed by improving macroeconomic indicators and supportive domestic factors.

“Global sentiment is improving, with US gross domestic product (GDP) growth revised up to 3.3 per cent and jobless claims falling, easing recession fears. Optimism is also rising over a possible US Federal Reserve rate cut in September.

“In addition, local corporate earnings broadly met expectations, while Bank Negara Malaysia is likely to maintain the Overnight Policy Rate,” he told Bernama.

On a weekly basis, the spot-month August 2025 eased 28 points to 1,576.0, September 2025 contracted 34.5 points to 1,548.0, December 2025 shed 37.5 points to 1,545.0 and March 2026 fell 40 points to 1,524.5.

Turnover for the week rose to 197,242 lots from 30,751 lots a week ago, while open interest improved to 62,312 contracts from 45,470 contracts previously.

On a weekly basis, the FBM KLCI erased 22.35 points to 1,575.12 on Friday from 1,597.47 a week earlier.

-- BERNAMA