KLCI futures to track underlying cash market’s movement next week

THE FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is expected to continue tracking the movement of the underlying cash market next week. 

According to dealers, Bursa Malaysia is likely to trade in a cautious mode next week but the reasonable valuations of the FBM KLCI may attract bargain hunters. 

For the week just ended, March 2023 and April 2023 fell 2.0 points each to 1,412.0 and 1,414.0, respectively. 

June 2023 eased 1.5 points to 1,415.5 and September 2023 dropped 3.5 points to 1,404.5. 

Turnover jumped to 45,893 lots last week from 27,858 lots in the preceding week, while open interest surged to 45,463 contracts from 27,858 contracts a week earlier.

On a Friday-to-Friday basis, the FBM KLCI declined 21.35 points to end at 1,411.73 from last week’s 1,433.08. — Bernama / pic MUHD AMIN NAHRUL