By Siti Radziah Hamzah
KUALA LUMPUR, March 22 (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 the FBM KLCI to trade rangebound between 1,500 and 1,530 in the coming week.
“As for the local bourse, we remain cautious due to macroeconomic uncertainties, particularly the potential for an escalating trade war.
“Despite short-term uncertainties, we remain confident in the long-term outlook, underpinned by attractive valuations, solid earnings, and the resilience of the local economy,” he told Bernama.
For the holiday-shortened week, March 2025 eased 1.5 points to 1,500.0, while April 2025, June 2025 and September 2025 all reduced by 7.0 points to 1,502.5, 1,505.0 and 1,492.0, respectively.
Turnover eased to 38,704 lots from 60,103 lots in the previous week, while open interest widened to 54,340 contracts from 49,602 contracts previously.
On a Friday-to-Friday basis, the key index fell 6.70 points to 1,505.45 compared with 1,512.15 a week earlier.
Bursa Malaysia and its subsidiaries were closed on Tuesday in conjunction with the Nuzul Al-Quran public holiday.
-- BERNAMA
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