KUALA LUMPUR – The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to track FBM KLCI’s performance next week.
The cash market is expected to trade range-bound at between 1,500 and 1,520 amid weak overall investor sentiment.
For the week just ended, July fell 23.5 points to 1,501, August decreased 26 points to 1,495, September slipped 25.5 points to 1,490, and December was 27 points lower at 1,483.
Turnover surged to 103,039 lots from 18,890 in the previous week, while open interest expanded to 40,580 contracts from 35,139 previously.
On a Friday-to-Friday basis, FBM KLCI slipped 28.84 points to end the week at 1,494.6 from 1,523.44 previously. – Bernama, July 31, 2021
