KLCI Futures Likely To Trend Within The 1,700-1,730 Range Next Week

By Siti Noor Afera Abu

KUALA LUMPUR, June 20 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is likely to trend within the 1,700-1,730 range next week, with the potential to test the upper end of the range should external sentiment remain favourable.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng is optimistic about the local market as improving global risk appetite, stabilising geopolitical conditions and attractive valuations continue to support investor interest.

“While some profit-taking may persist, we expect buying opportunities to emerge on market weakness,” he told Bernama.

For the week just ended, the FBM KLCI futures contracts saw choppy trading in tandem with the cash market.

On a Friday-to-Friday basis, the June 2026 contract advanced 26.5 points to 1,716.0, the July 2026 contract was 25 points firmer at 1,717.0, the September 2026 contract gained 24.5 points to 1,697.0 and the December 2026 contract rose 24 points to 1,697.0.

Weekly turnover fell to 32,203 lots from 39,538 last week, while open interest widened to 37,764 contracts from 31,623 at the preceding week’s close.

On a Friday-to-Friday basis, the key index rose 28.40 points to 1,712.03 from 1,683.63 a week earlier.

-- BERNAMA