Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to consolidate within the 1,680-1,710 points range next week, with scope for a technical recovery should global risk sentiment stabilise. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng emphasized that external developments are likely to remain the key driver of sentiment, with movements in crude oil prices and US Treasury yields being closely monitored.

According to BERNAMA News Agency, Kenneth Leong, head of research at Berjaya Research Sdn Bhd, anticipates that the FBM KLCI will remain under pressure due to persistent geopolitical uncertainties and growing concerns over global inflation and interest rates. He highlighted that the next supports are now located at 1,680 points and 1,676 points respectively, while the immediate resistances are shifted to 1,714 points, followed by 1,722 points.

For the week ended Friday, the FBM KLCI futures ended lower, tracking the weaker underlying cash market. On a Friday-to-Friday basis, the September 2026 contract declined 19.5 points to 1,666.5, while the October 2026 note dropped 18.5 points to 1,666.50. The December 2026 and March 2027 contracts eased 17.5 points each to 1,673.0 and 1,657.0, respectively.

Weekly turnover fell to 31,378 lots from 39,901 lots at the end of the previous week, while open interest increased to 46,188 contracts from 43,322 contracts previously. On a Friday-to-Friday basis, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 21.36 points to 1,686.74 from 1,708.10 a week earlier.