KLCI Futures Likely To Trade Range-Bound Next Week

By Danni Haizal Danial Donald

KUALA LUMPUR, July 11 (Bernama) -- FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to trade within a narrow range next week as investors monitor developments in West Asia and their potential impact on global markets.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said uncertainty surrounding the United States (US)-Iran conflict is likely to keep investors cautious, despite improving sentiment towards technology stocks.

"As such, we expect the FBM KLCI to trade within the 1,680–1,710 range, with buying interest likely to remain selective and focused on companies with strong fundamentals and resilient earnings prospects," he said.

Meanwhile, IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan also expects the benchmark index to consolidate within the 1,680–1,710 range next week, supported by improving capital flows and stable domestic fundamentals.

"However, a move above the 1,700–1,710 level is likely to require stronger evidence of resilient global economic growth, along with a further easing of geopolitical tensions in West Asia," he added.

For the week just ended, FBM KLCI futures contracts ended mostly higher.

On a Friday-to-Friday basis, the July 2026 and September 2026 contracts gained 12.5 points each to 1,699.50 and 1,681.0, respectively, while the August 2026 contract rose 12.0 points to 1,701.0 and the December 2026 contract added 13.0 points to 1,683.0.

Weekly turnover fell to 28,350 lots from 61,231 lots a week earlier, while open interest declined to 31,668 contracts from 33,787 previously.

On a Friday-to-Friday basis, the benchmark index rose 12.44 points to 1,691.49 from 1,679.05 a week earlier.

-- BERNAMA