KLCI Futures Likely To Trade Higher Next Week
By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Aug 29 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are likely to trade higher next week, in line with the cash market, said an analyst.
IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the key index is expected to trade in relatively light volume next week, with a shorter trading week due to the public holiday on Monday.
“The strong performance of US technology stocks could prompt some investors to shift their focus towards global markets, potentially resulting in subdued trading activity.
“Investors will also take note of Federal Reserve (Fed) chair Kevin Warsh’s speech at the Jackson Hole symposium for clues on the Fed’s monetary policy outlook, particularly regarding inflation, interest rates and US Treasury yields,” he said.
Bursa Malaysia was closed on Aug 25, 2026, in conjunction with Prophet Muhammad’s birthday.
For the week just ended, the FBM KLCI futures ended mixed.
On a Friday-to-Friday basis, the August 2026 contract declined 19.5 points to 1,722.0, September 2026 lost 20 points to 1,700.0, the December 2026 slid 14.5 points to 1,705.5, and March 2027 eased 14 points to 1,688.5.
Weekly turnover surged to 219,976 lots from 41,237 lots in the previous week, while open interest rose to 54,810 contracts from 48,670 contracts at the end of last week.
On a Friday-to-Friday basis, the FBM KLCI declined 10.60 points to 1,725.88 from 1,736.48 a week earlier.
-- BERNAMA