KLCI Futures Likely To See Uptrend Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 6 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to see an uptrend next week, tracking the underlying cash market.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng expects the FBM KLCI to oscillate between 1,600 and 1,630 next week as investors await new catalysts, whether domestic or external, to provide firmer directional cues. 

“Given the strong support at 1,600 and the current absence of significant market drivers, we expect the FBM KLCI to oscillate between 1,600 and 1,630.

“Such range-bound trading should allow the market to consolidate further, reinforcing its base ahead of any potential upward momentum,” he told Bernama. 

He said a sustained move above 1,630, supported by improved breadth, would indicate renewed momentum toward the 1,650 mark.

Compared with last Thursday, the December 2025 and June 2026 contracts fell 3.5 points each to 1,620 and 1,610, while the new month January 2026 contract was at 1,624, and March 2026 slid 2.0 points to 1,606.  

Turnover for the week declined to 39,562 lots from 184,536 lots last Thursday, while open interest narrowed to 43,890 contracts from 75,903 contracts previously.

Meanwhile, on a Thursday-to-Friday basis for the cash market, the FBM KLCI rose 12.05 points to 1,616.52 from last week's 1,604.47.

-- BERNAMA