FBM KLCI FUTURES LIKELY TO TREND HIGHER NEXT WEEK

By Zufazlin Baharuddin

KUALA LUMPUR, Jan 24 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said at current levels, the FBM KLCI is moving toward an important historical zone, with the previous peak of 1,721.42 recorded on Feb 22, 2019.

Yesterday, the benchmark index reached 1,719.99, just shy of the 1,720 mark.

“We reckon a decisive break above this level will be crucial, as it would signal the next wave of upward momentum and potentially pave the way for further gains in the broader market.

“As such, we anticipate the FBM KLCI to trade within the 1,700-1,730 range next week,” he told Bernama.

During the week just ended, the FBM KLCI futures traded mostly higher on positive sentiment surrounding the Overnight Policy Rate (OPR) status quo, easing geopolitical uncertainty and strengthening the ringgit.

On a Friday-to-Friday basis, January 2026 increased 25 points to 1,717.0, February 2026 rose 6.5 points to 1,721.5, March 2026 jumped 4.5 points to 1,701.5 and June 2026 advanced 2.0 points to 1,702.5.

Turnover for the week shed to 32,462 lots from 36,578 last week, while open interest rose to 41,444 contracts from 41,095 previously.

On a Friday-to-Friday basis, the FBM KLCI increased 7.25 points to 1,719.99 from 1,712.74 last week. 

-- BERNAMA