FBM KLCI Futures Likely To Trade With Upward Bias Next Week

By Anas Abu Hassan

KUALA LUMPUR, Dec 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to continue trading with an upward bias next week due to positive sentiment amid year-end window dressing activities.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng told Bernama that window dressing activities may continue until the end of the year, with the FBM KLCI likely to trend within the range of 1,625 to 1,645.

"The short- to medium-term outlook remains positive, with potential for further gains if the key index can break above 1,635," he told Bernama.  

For the trading week just ended, the December 2024 contract rose 35.0 points to 1,624.5, January 2025 gained 31.0 points to 1,626.0, March 2025 climbed 30.5 points to 1,610.5 and June 2025 picked up 32.0 points to 1,617.5.

Turnover surged to 129,684 lots from 31,878 lots in the previous week, while open interest jumped to 113,387 contracts against 44,108 contracts previously.

On a Friday-to-Friday basis, the FBM KLCI was up by 36.73 points to 1,628.12 compared to 1,591.41 in the previous week.

-- BERNAMA