Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is anticipated to fluctuate within the 1,700-1,730 range next week. This potential movement is contingent on favourable external sentiment that could lead to testing the upper limit of this range.

According to BERNAMA News Agency, Rakuten Trade Sdn Bhd's vice-president of equity research, Thong Pak Leng, expressed optimism towards the local market, citing factors such as improving global risk appetite, stabilising geopolitical conditions, and attractive valuations as key drivers that continue to fuel investor interest. Thong noted that while some profit-taking could persist, market weaknesses might present buying opportunities.

The past week witnessed choppy trading for the FBM KLCI futures contracts, mirroring the cash market's volatility. On a Friday-to-Friday basis, the June 2026 contract increased by 26.5 points to 1,716.0, the July 2026 contract climbed 25 points to 1,717.0, the September 2026 contract rose by 24.5 points to 1,697.0, and the December 2026 contract went up 24 points to 1,697.0.

Weekly turnover decreased to 32,203 lots from the previous week's 39,538, while open interest expanded to 37,764 contracts compared to 31,623 contracts at the close of the preceding week. The key index showed a rise of 28.40 points, reaching 1,712.03 from 1,683.63 a week earlier.