KLCI Futures Seen Trading Firmer Next Week
By Abdul Hamid A Rahman
KUALA LUMPUR, Sept 5 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to trade firmer next week, in line with expectations of the positive momentum in the underlying cash market.
IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the market is expected to be supported by resilient domestic fundamentals and improving regional sentiment.
“China’s trade data on Tuesday will be closely watched for confirmation that external demand remains firm, with a stronger-than-expected print likely to benefit Malaysia given its close trade and manufacturing linkages with China.
“Meanwhile, Malaysia’s manufacturing Purchasing Managers’ Index (PMI) remains above the 50-point expansion threshold, while stronger US Institute for Supply Management (ISM) Services data for August points to continued momentum in global activity and demand,” he told Bernama.
For the week just ended, the FBM KLCI futures ended lower.
On a Friday-to-Friday basis, the September 2026 contract declined 14 points to 1,686.0, the new October 2026 stands at 1,685.0, December 2026 slid 15 points to 1,690.5, and March 2027 eased 14 points to 1,674.5.
Weekly turnover tumbled to 39,901 lots from 219,976 lots at the end of last week, while open interest decreased to 43,322 contracts from 54,810 contracts previously.
On a Friday-to-Friday basis, the FBM KLCI declined 17.78 points to 1,708.10 from 1,725.88 a week earlier.
-- BERNAMA