By Durratul Ain Ahmad Fuad
KUALA LUMPUR, April 26 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to show signs of recovery next week as investors' confidence improves amid the easing US-China trade tensions.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng is positive about the de-escalating trade tensions between the United States (US) and China, as this is expected to reduce market volatility and restore investors’ confidence.
“Looking ahead to next week, we believe investors are ready to buy the breakout at around 1,518, add to their positions, or use leveraged tools to maximise profits as the benchmark index is showing signs of recovery after reclaiming the 20-day exponential moving average (EMA),” he told Bernama.
On a Friday-to-Friday basis, April 2025 rose 12 points to 1,509, May 2025 added 12.5 points to 1,507, June 2025 gained 14.5 points to 1,504, and September 2025 increased 16.5 points to 1,491.5.
Weekly turnover jumped to 83,481 lots from 38,435 lots previously, while open interest improved to 69,580 contracts from 43,793 contracts.
The cash market’s benchmark index advanced 9.80 points to 1,509.20 from 1,499.40 a week earlier.
-- BERNAMA
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