FBM KLCI Futures To Trade Range-bound Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, July 19 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound next week, tracking the underlying cash market.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the 1,530 level is a very critical point.

Although the FBM KLCI managed to break through it last Monday, it failed to sustain the level and retreated shortly after, which explains why it still cannot rebound higher, he added. 

“From a technical point of view, we reckon the FBM KLCI needs to break the 1,530 level with strong volume and is able to hold this position for a longer period in order to stage a sustainable long-term uptrend.

“We expect the FBM KLCI to remain rangebound and trend within 1,510-1,540 for next week,” he told Bernama.

On a weekly basis, the spot month July 2025 contract eased 4.5 points to 1,527.5, August 2025 slid 5.5 points to 1,524.5, September 2025 fell 7.0 points to 1,504.0, and December 2025 slipped 2.5 points to 1,508.0.

Turnover for the week dropped to 25,123 lots from 28,804 lots in the previous week, while open interest declined to 38,963 contracts from 40,748 contracts previously.

The FBM KLCI ended the week lower, losing 10.21 points to 1,525.86 from 1,536.07 in the previous week.

-- BERNAMA