Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade within a narrow range next week, aligning with the underlying cash market.

According to BERNAMA News Agency, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng highlighted the significance of the 1,530 level. Although the FBM KLCI broke this point last Monday, it could not maintain the position, leading to a retreat and preventing a higher rebound.

Thong further explained that technically, the FBM KLCI needs to surpass the 1,530 level with substantial volume and sustain this position over a longer duration to establish a long-term upward trend. He anticipates the FBM KLCI will remain range-bound, fluctuating between 1,510 and 1,540 in the coming week.

On a weekly basis, the spot month July 2025 contract decreased by 4.5 points to 1,527.5, August 2025 dropped 5.5 points to 1,524.5, September 2025 fell 7 points to 1,504.0, and December 2025 slipped 2.5 points to 1,508.0. Turnover for the week declined to 25,123 lots from the previous week’s 28,804 lots, while open interest reduced to 38,963 contracts from 40,748 contracts previously. The FBM KLCI concluded the week lower, shedding 10.21 points to 1,525.86 from 1,536.07 in the previous week.