FBM KLCI

THE FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is likely to re-test the 1,600-level, in sync with the underlying cash market performance.

Rakuten Trade Sdn Bhd head of equity sales Vincent Lau said a series of better-than-expected corporate earnings results released recently would also lend some support to the local bourse in the coming week.

“We expect the FBM KLCI to range between 1,560 and 1,590 next week, but the recent corporate results which had beaten market anticipations are likely to provide some catalysts to the market too.

“So the key index is likely to re-test 1,600-level next week,” he told Bernama

On a weekly basis, spot month February 2021 and September 2021 shed 10.0 points each to 1,572.0 and 1,552.0 respectively, March 2021 was 7.0 points easier at 1,566 and June 2021 receded 10.5 points to 1,559.5.