KLCI Futures Likely To Trade Within 1,670–1,690 Range Next Week
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, July 4 (Bernama) -- FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to remain cautiously positive next week, trading within the 1,670-1,690 points range, supported by bargain hunting, easing external pressures, and improving regional sentiment.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the market sentiment has improved following bargain-hunting activities after the recent market correction, while easing Brent crude prices have helped ease concerns over inflationary pressures.
He added that the sentiment was also underpinned by easing geopolitical tensions and growing expectations that weaker US employment conditions could keep the US Federal Reserve on course to reduce interest rates later this year.
“Back home, the benchmark index has displayed resilience, with strong support seen around the 1,660 level at the close on Friday, suggesting that buying interest remains intact, particularly in selected blue-chip counters with attractive valuations. However, the upside may still be capped by foreign fund flows and the lack of strong domestic catalysts,” Thong told Bernama.
For the week just ended, the FBM KLCI futures contracts were mostly higher.
On a Friday-to-Friday basis, the July 2026 contract was 17.5 points firmer at 1,687.0, the September 2026 contract gained 18.5 points to 1,668.5, and the December 2026 contract rose 17 points to 1,670.0. The new spot contract month, August 2026, stood at 1,689.0.
The weekly turnover slipped to 61,231 lots from 146,493 lots last week, while open interest fell to 33,787 contracts from 93,884 contracts in the preceding week.
On a Friday-to-Friday basis, the benchmark index advanced 11.31 points to 1,679.05 from 1,667.74 a week earlier.
-- BERNAMA