The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is expected to continue tracking the movement of the underlying cash market next week.
According to dealers, Bursa Malaysia is likely to trade in a cautious mode next week amid weak external fronts.
The local bourse would likely be under pressure from the hawkish pivot by the United States (US) Federal Reserve and US Consumer Price Index data, a dealer told Bernama.
For the week just ended, March 2023 fell 22.0 points to 1,414.0, June 2023 and September 2023 slipped 20.5 points each to 1,416.0 and 1,408.0 respectively, and June 2023 declined 20.0 points to 1,417.0.
Turnover decreased to 27,858 lots from 47,704 lots in the preceding week while open interest shrank to 27,858 contracts from 85,868 contracts a week earlier.
On a Friday-to-Friday basis, the FBM KLCI declined 20.47 points to end at 1,433.08 from 1,453.55 previously.
