Kuala Lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is projected to trade within a range in the upcoming week, mirroring the movements of the underlying cash market. Rakuten Trade Sdn Bhd’s equity research vice-president, Thong Pak Leng, highlighted that the benchmark index is likely to exhibit range-bound behavior as investors remain on the lookout for new catalysts.

According to BERNAMA News Agency, Thong Pak Leng mentioned that from a technical standpoint, the FBM KLCI is currently positioned above its 20-day and 50-day exponential moving averages (EMAs), indicating a sustained short-term bullish bias. “Maintaining a level above 1,540 sustains the current setup constructively, with medium-term resistance positioned at 1,600,” he explained.

Over the week, the futures contracts showed varying degrees of growth. From Friday to Friday, the May 2025 contract climbed by 22.0 points to 1,567.0, the June 2025 contract rose 24.5 points to 1,567.5, the September 2025 contract increased by 24.5 points to 1,551.5, and the December 2025 contract advanced by 23.5 points to 1,560.0.

Additionally, weekly turnover experienced a significant increase, reaching 32,337 lots compared to 21,312 lots the week before. Open interest also saw a rise, improving to 39,634 contracts from the previous 36,502 contracts. The FBM KLCI itself gained 29.26 points, closing at 1,571.75 on Friday, up from 1,546.50 the previous week.