By Siti Noor Afera Abu
KUALA LUMPUR, March 15 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to see cautious trading next week due to global uncertainties.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng anticipates further upside potential if the index surpasses the 1,520 resistance and holds above it for a sustained period.
A breakout above 1,520 and sustained buying could push the index toward 1,549-1,570.
“However, a failure to hold 1,500 may trigger further downside toward 1,480. As for next week, we anticipate the FBM KLCI to trend within the range of 1,500-1,530,” he told Bernama
For the week just ended, contracts for March 2025, April 2025 and June 2025 all fell by 10 points each to 1,507.5, 1,509.5 and 1,512.0, respectively, while September 2025 decreased 12 points to 1,499.0.
Turnover expanded to 60,103 lots from 38,095 lots in the previous week, while open interest widened to 49,602 contracts from 41,973 contracts previously.
On a Friday-to-Friday basis, the key index fell 35.12 points to 1,512.15 compared with 1,547.27 a week earlier.
-- BERNAMA
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