Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is predicted to maintain a range-bound trajectory in the upcoming week.

According to BERNAMA News Agency, Rakuten Trade Sdn Bhd's vice-president of equity research, Thong Pak Leng, indicated that the FBM KLCI is expected to consolidate as the market processes recent gains. This consolidation phase is seen as a stabilizing factor following a strong market rally, which allows valuations to stabilize.

Thong noted that the selling pressure has been orderly, with investors primarily securing profits rather than divesting their positions. He added that buying interest is likely to reemerge during periods of market weakness, particularly in stocks with strong fundamentals. Consequently, the benchmark index is anticipated to remain within the range of 1,720-1,750 in the coming week.

Over the past week, the FBM KLCI futures largely traded lower, reflecting trends in the underlying cash market. From Friday to Friday, the February 2026 contract decreased by 5.0 points to 1,732.50, the March 2026 contract dropped 4.5 points to 1,711.0, the June 2026 contract fell by 3.5 points to 1,715.0, and the new September 2026 contract stood at 1,704.50.

Weekly turnover saw a decline to 29,058 lots from the previous week's 200,166 lots, while open interest reduced to 42,726 contracts compared to 53,250 contracts in the prior week. On a Friday-to-Friday basis, the FBM KLCI dropped 8.05 points, ending at 1,732.83 compared to 1,740.88 the previous week.