Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is anticipated to sustain its upward momentum in the coming week, in line with the underlying cash market. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng stated that the benchmark index is projected to trade within a range of 1,650 to 1,680, despite the quieter trading environment due to the Christmas and year-end holidays.

According to BERNAMA News Agency, the index has already confirmed a breakout above 1,650 this week, driven by improving market participation. Thong emphasized that this breakout supports the likelihood of a continuing upward movement rather than a temporary rally. He noted that maintaining levels above 1,650 could pave the way for the index to reach the 1,670 to 1,680 range in the upcoming phase. Thong further mentioned that any pullbacks next week should be considered as opportunities to buy on weakness, suggesting the index is well-poised to test higher levels in future sessions.

On a Friday-to-Friday comparison, the December 2025 contract increased by 23 points to 1,668.50, the January 2026 contract rose by 24.5 points to 1,672.0, the March 2026 contract climbed by 23.5 points to 1,655.50, and the June 2026 contract advanced by 30.5 points to 1,662.50. Weekly turnover experienced a decline to 36,11 lots from the previous 40,352 lots last Friday. Meanwhile, open interest expanded to 46,114 contracts from the previous 43,035 contracts. The FBM KLCI itself rose by 28.09 points to 1,665.90, compared to last week's 1,637.81.