KLCI Futures Likely To Trade Within 1,660-1,690 Range Next Week

KUALA LUMPUR, June 27 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade within the 1,660-1,690 range next week, with volatility likely to persist as investors monitor developments in the global technology sector, geopolitical events and foreign fund flows, an analyst said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that, nevertheless, the combination of oversold market conditions and more attractive valuations should support bargain-hunting activity.

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

On a Friday-to-Friday basis, the June 2026 contract slid 48.0 points to 1,668.0, the July 2026 contract was 47.5 points easier at 1,669.50, the September 2026 contract shed 47.0 points to 1,650.0, and the December 2026 contract dipped 44 points to 1,653.0.

Weekly turnover soared to 146,493 lots from 32,203 lots last week, while open interest surged to 93,884 contracts from 37,764 contracts in the preceding week.

On a Friday-to-Friday basis, the benchmark index slipped 44.29 points to 1,667.74 from 1,712.03 a week earlier.

-- BERNAMA