The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to see muted trading next week, tracking the performance of the underlying cash market.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the cash market is expected to trend sideways within the range of 1,390 to 1,415 due to the shortened trading week.

For the week just ended, October 2022 was flat at 1,400.5, new spot month November 2022 stood at 1,402.0, December 2022 eased 1.0 point to 1,402.0, and March 2023 fell 0.5 of-a-point to 1,395.0. 

Turnover dwindled to 43,184 lots from 150,644 lots in the previous week, and open interest fell to 37,479 contracts from 45,352 contracts. 

On a Friday-to-Friday basis, the FBM KLCI improved 11.37 points to 1,406.00 from 1,394.63, mainly due to improving global sentiment and bargain hunting activities. — BERNAMA / TMRPic