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MARKET • 16/11/2024 10:23 AM

KLCI Futures To Trade Range-bound Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 16 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to trade range-bound next week.

Rakuten Trade Sdn Bhd’s vice-president of equity research, Thong Pak Leng said investors are closely monitoring domestic and international developments that could influence market direction. 

“We anticipate the FBM KLCI to trend sideways within the 1,590-1,610 range next week,” he told Bernama.

For the week just ended, November 2024 shed 27.0 points to 1,594.5, December 2024 declined 26.5 points to 1,599.0, March 2025 weakened by 25.5 points to 1,587.5 and June 2025 trimmed 25 points to 1,596.0.

Turnover dipped to 27,800 lots from 35,551 in the previous week, while open interest rose to 38,788 contracts from 36,492 contracts previously.

On a Friday-to-Friday basis, the FBM KLCI decreased by 28.8 points to 1,592.44 from 1,621.24 last week.

-- BERNAMA

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