Kuala Lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to see cautious trading next week due to global uncertainties.

According to BERNAMA News Agency, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng anticipates the FBM KLCI to trade rangebound between 1,500 and 1,530 in the coming week. Thong expressed concerns about macroeconomic uncertainties, particularly the potential for an escalating trade war. Despite these short-term uncertainties, he remains confident in the long-term outlook, citing attractive valuations, solid earnings, and the resilience of the local economy.

For the holiday-shortened week, the March 2025 contract eased by 1.5 points to 1,500.0, while the April 2025, June 2025, and September 2025 contracts decreased by 7.0 points each to 1,502.5, 1,505.0, and 1,492.0, respectively. Turnover also declined to 38,704 lots from 60,103 lots in the previous week, although open interest widened to 54,340 contracts from 49,602 contracts previously.

On a Friday-to-Friday basis, the key index fell by 6.70 points to 1,505.45 compared with 1,512.15 a week earlier. Bursa Malaysia and its subsidiaries were closed on Tuesday in conjunction with the Nuzul Al-Quran public holiday.