KLCI FUTURES LIKELY TO TRADE RANGE-BOUND NEXT WEEK 

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Feb 7 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to trade range-bound next week.

Rakuten Trade Sdn Bhd vice-president of equity research, Thong Pak Leng said the FBM KLCI is expected to consolidate as the market digests recent gains, which is healthy following the strong rally, allowing valuations to stabilise.

“Encouragingly, selling pressure remains orderly, with investors largely locking in profits rather than exiting positions, while buying interest is likely to return on weakness, especially in fundamentally sound stocks.

“As such, the benchmark index is likely to stay rangebound, within 1,720-1,750 next week," he told Bernama.

During the week just ended, the FBM KLCI futures traded mostly lower, tracking the underlying cash market.

On a Friday-to-Friday basis, the February 2026 contract eased 5.0 points to 1,732.50, the March 2026 contract shrank 4.5 points to 1,711.0, the June 2026 contract slid 3.5 points to 1,715.0, and the new September 2026 contract was at 1,704.50. 

Turnover for the week declined to 29,058 lots from 200,166 lots last week, while open interest fell to 42,726 contracts from 53,250 contracts previously.

On a Friday-to-Friday basis, the FBM KLCI fell 8.05 points to 1,732.83 from 1,740.88 a week earlier.

-- BERNAMA