KLCI Futures To Trade In Cautious Mode Next Week

By Karina Imran

KUALA LUMPUR, May 9 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade in cautious and range-bound mode as investors adopt a wait-and-see approach amidst the ongoing geopolitical uncertainties.

Rakuten Trade Sdn Bhd vice-president of equity research, Thong Pak Leng said the market direction will likely remain influenced by developments surrounding the United States-Iran conflict, movements in crude oil prices, and external market sentiment.

“For now, we anticipate the benchmark index to hover within the 1,720-1,760 range next week, with both upside and downside likely to remain limited unless there is a clearer geopolitical outcome,” he told Bernama. 

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

On a Thursday-to-Friday basis, the May 2026 contract added 30.5 points to 1,749.5, the June 2026 contract climbed 29.5 points to 1,749.0, the September 2026 contract expanded 11 points to 1,729.5, and the December 2026 contract improved 31 points to 1,732.0.

Weekly turnover declined to 39,516 lots from 190,023 lots last week, while open interest fell to 38,616 contracts from 43,924  contracts at the preceding week’s close.

The FBM KLCI finished this week 26.04 points better at 1,748.06 from 1,722.02 a week earlier.

-- BERNAMA