KLCI Futures Likely To Trade Range-bound Next Week

By Danni Haizal Danial Donald

KUALA LUMPUR, May 30 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is likely to trade range-bound with a downward bias next week, as investors assess developments around the West Asia conflict amid a shortened trading week.

Bursa Malaysia will be closed on June 1 and 2 for the King’s Birthday and Wesak Day holidays and will resume operations on June 3.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investors are expected to closely monitor developments in West Asia, particularly any progress in talks between the United States and Iran.

“Volatility is likely to persist due to ongoing geopolitical uncertainties. However, bargain-hunting activities could provide some support to the local market.

“Against this backdrop, the local benchmark index is likely to trade within the 1,680-1,710 range next week,” he told Bernama.

For the week just ended, the FBM KLCI futures contracts traded mostly lower in tandem with the cash market.

On a Friday-to-Friday basis, the May 2026 contract lost 35.0 points to 1,684.0, the June 2026 contract eased 36.5 points to 1,680.0, the September 2026 contract fell 35.5 points to 1,662.0, and the December 2026 contract slipped 34.0 points to 1,664.50.

Weekly turnover surged to 188,830 lots from 44,006 lots last week, while open interest rose to 53,784 contracts from 43,086 contracts at the preceding week’s close.

The FBM KLCI finished this week 29.60 points weaker at 1,683.07 from 1,712.67 a week earlier.

-- BERNAMA