KLCI Futures Seen In 1,720-1,750 Range Next Week
By Siti Noor Afera Abu
KUALA LUMPUR, July 18 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to trade with a mildly positive bias within the 1,720-1,750 range, said an analyst.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said continued foreign fund inflows and resilient domestic earnings prospects should provide downside support, although further gains are likely to be gradual and selective.
“Any further escalation in the US-Iran conflict or a renewed surge in oil prices could trigger intermittent profit taking and limit the market’s upside,” he told Bernama.
For the week just ended, the FBM KLCI futures contracts ended mostly higher.
On a Friday-to-Friday basis, July 2026 increased 37.5 points to 1,737.0, August 2026 rose 36 points to 1,737.0, September 2026 added 35 points to 1,716.0, and December 2026 rose 35.5 points to 1,718.5.
Weekly turnover strengthened to 39,884 lots from 28,350 lots a week earlier, while open interest surged to 47,501 contracts from 31,668 previously.
On a Friday-to-Friday basis, the barometer index advanced 39.95 points to 1,731.45 from 1,691.49 a week earlier.
-- BERNAMA