FBM KLCI Futures Seen Consolidating Next Week

By Siti Noor Afera Abu

KUALA LUMPUR, March 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is anticipated to consolidate next week, reflecting the cautious sentiment in the underlying cash market.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the lack of sustained foreign inflows has continued to constrain upside momentum, keeping the benchmark stock index range-bound.

“Volatility is likely to rise given persistent geopolitical tensions and global economic uncertainty. Oil price movements and West Asia developments will continue to influence the sentiment. The FBM KLCI is expected to consolidate within the 1,690-1,730 range next week,” he told Bernama.

On a Thursday-to-Friday basis, the March 2026 contract lost 10.5 points to 1,709.0, the April 2026 contract dropped 10 points to 1,711.0, the June 2026 contract fell 13.5 points to 1,707.0, and the September 2026 contract went down 8.5 points to 1,691.5.

The turnover for the week surged to 168,213 lots from 30,374 lots last week, while open interest widened to 102,348 contracts from 42,127 contracts previously.

On a Thursday-to-Friday basis, the FBM KLCI eased 8.06 points to 1,712.65 from 1,720.71 a week earlier.

-- BERNAMA