FBM KLCI Futures Expected To Trade Cautiously Next Week Amid Higher Oil Prices

KUALA LUMPUR, Sept 19 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is expected to trade cautiously next week as higher oil prices continue to put pressure on global risk appetite, said an analyst.

IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the market’s defensive characteristics could, however, provide some insulation from weakness in technology-heavy regional indices.

“Investors are likely to show greater interest in sectors offering more resilient earnings and domestic or commodity-linked exposure,” he said in his daily market update on WhatsApp Channels.

The FBM KLCI futures ended lower this week, tracking the weaker underlying cash market.

On a Friday-to-Friday basis, the September 2026 contract declined 23.5 points to 1,643.0, the October 2026 contract dropped 24 points to 1,642.5, the December 2026 contract eased 23.5 points to 1,649.5 and the March 2027 contract slid 22 points to 1,635.0.

Weekly turnover fell to 27,714 lots from 31,378 lots last week, while open interest increased to 48,164 contracts on Friday from 46,188 contracts a week earlier.

Over the last week, the FBM KLCI declined 21.18 points to settle at 1,665.56 yesterday.

-- BERNAMA