Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are anticipated to exhibit a slight bearish bias, trading within the range of 1,690 to 1,720, according to an analyst.
According to BERNAMA News Agency, Rakuten Trade Sdn Bhd vice-president of equity research, Thong Pak Leng, stated that investors are expected to keep a close watch on developments in West Asia, fluctuations in crude oil prices, and the repercussions of the United States' trade policies, which are predicted to influence market sentiment.
Thong further noted that buying interest is projected to remain selective, with energy and plantation stocks potentially bolstered by higher commodity prices. Meanwhile, defensive sectors such as utilities and telecommunications may continue to draw interest amid the uncertain market environment.
Over the past week, the FBM KLCI futures contracts predominantly ended on a lower note. On a Friday-to-Friday comparison, the July 2026 contract decreased by 35.0 points to 1,702.0, the August 2026 contract fell by 34.5 points to 1,702.5, and the September 2026 and December 2026 contracts each dropped by 34.0 points to 1,682.0 and 1,684.5, respectively.