KLCI Futures Seen Trading With Upward Bias Next Week

By Engku Shariful Azni Engku Ab Latif & Abdul Hamid A Rahman

KUALA LUMPUR, Aug 15 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to trade with an upward bias next week, within a relatively narrow range, in line with the cash market, an analyst said.

IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said resilient domestic fundamentals would continue to support the local market.

He said softer-than-expected US inflation had eased concerns over further monetary policy tightening by the US Federal Reserve.

“Key catalysts to watch include oil prices, developments in the US-Iran conflict and China’s July activity data,” he said.

For the week just ended, the FBM KLCI futures ended mostly lower.

On a Friday-to-Friday basis, the August 2026 contract declined 3.5 points to 1,726.0, while September 2026 and December 2026 was 2.5 points lower each to 1,705.0 and 1,706.5, and March 2027 shed five points to 1,689.0.

Weekly turnover tumbled to 30,907 lots from 40,896 lots a week earlier, while open interest slipped to 41,862 contracts from 49,170 contracts previously.

On a Friday-to-Friday basis, the FBM KLCI lost 8.36 points to 1,727.39 from 1,735.75 a week earlier.

-- BERNAMA