Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are projected to trade with an upward bias, maintaining a range between 1,710 and 1,740, as indicated by market analysts.

According to BERNAMA News Agency, Thong Pak Leng, vice-president of equity research at Rakuten Trade Sdn Bhd, noted that the positive trajectory will be bolstered by sustained institutional and foreign buying interest, which followed strong buying activity observed last week. Thong highlighted that the onset of August, coinciding with the earnings season, may further improve market sentiment, particularly if companies surpass their earnings targets.

In the week that concluded, the FBM KLCI futures contracts generally ended on a high note. On a Friday-to-Friday comparison, the July 2026 contract rose by 20.5 points to reach 1,722.5. Meanwhile, the August 2026 contract saw a 30-point increase to 1,732.5, the September 2026 contract added 28.5 points to settle at 1,710.5, and the December 2026 contract gained 29.5 points, closing at 1,714.0.

The weekly turnover experienced a significant surge, expanding to 184,724 lots from 38,614 lots in the preceding week. Additionally, open interest climbed to 54,476 contracts from 51,094 contracts previously recorded. The barometer index also reflected a positive shift, soaring 23.88 points to end at 1,724.90, compared to 1,701.02 a week earlier.