Accra:The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is anticipated to stay within a range next week, although its oversold status might lead to a technical rebound. An analyst from Rakuten Trade Sdn Bhd noted that the 1,620 level is expected to act as the immediate support zone, with recovery above 1,650 potentially leading to further gains towards 1,660.

According to BERNAMA News Agency, The immediate market direction is likely to be influenced by the United States employment report released on Friday, particularly in terms of its impact on the Federal Reserve's interest rate decisions and US Treasury yields. Following this, investors are expected to focus on the US ISM Services Purchasing Managers' Index (PMI) on Monday and the Federal Reserve's September meeting minutes on Wednesday for insights into inflation assessments and the possibility of further monetary tightening.

The FBM KLCI futures concluded the week on a higher note, reflecting the stronger underlying cash market. From Friday to Friday, the October 2026 contract eased by 32.5 points to 1,622.5, the November 2026 contract remained at 1,623.0, the December 2026 contract fell by 35 points to 1,629.0, and the March 2027 contract decreased by 34 points to 1,613.5.

There was a reduction in weekly turnover, which narrowed to 133,799 lots from 145,235 lots the previous week, while open interest fell to 47,940 contracts on Friday from 145,426 contracts a week earlier. Over the past week, the FBM KLCI itself decreased by 40.75 points, settling at 1,630.87.