Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is anticipated to trend higher in the coming week.

According to BERNAMA News Agency, Thong Pak Leng, vice-president of equity research at Rakuten Trade Sdn Bhd, indicated that the FBM KLCI is approaching a significant historical zone. The previous peak was recorded at 1,721.42 on February 22, 2019. Recently, the benchmark index reached 1,719.99, narrowly missing the 1,720 milestone.

Thong Pak Leng highlighted the importance of surpassing this level, suggesting it would indicate a new wave of upward momentum and could potentially lead to further gains in the broader market. He expects the FBM KLCI to trade within the 1,700-1,730 range next week.

During the recently concluded week, the FBM KLCI futures predominantly traded higher, influenced by positive sentiment regarding the Overnight Policy Rate (OPR) stability, reduced geopolitical uncertainty, and a strengthening ringgit. On a Friday-to-Friday basis, January 2026 increased by 25 points to 1,717.0, February 2026 rose by 6.5 points to 1,721.5, March 2026 jumped by 4.5 points to 1,701.5, and June 2026 advanced by 2.0 points to 1,702.5.

The week's turnover decreased to 32,462 lots from the previous 36,578, while open interest grew to 41,444 contracts from 41,095. On a weekly basis, the FBM KLCI increased by 7.25 points to 1,719.99, up from 1,712.74 the prior week.