FBM KLCI futures likely to see cautious trading next week

TheEdge Sat, Jan 15, 2022 10:23am - 3 days View Original


KUALA LUMPUR (Jan 15): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to trade cautiously next week, tracking the movement in the underlying cash market

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investor sentiment is expected to remain soft for a short period due to external factors such as increasing market risks and volatility on global markets amid the potential interest hike by the Federal Reserve (Fed) in the US .

“Furthermore, we believe Malaysian equities are undervalued compared to its regional peers, therefore offers good potential upsides for investors,” he said.

During the week just ended, January 2022 and February 2022 rose 12.0 points each to 1,553.5 and 1,553.5 respectively, March 2022 improved 13.5 points to 1,546.0 while June 2022 climbed 11.0 points to 1,541.0.

Turnover dropped to 31,990 lots from 32,331 lots in the previous week, while open interest narrowed to 35,294 contracts from 35,795 contracts previously.

On a Friday-to-Friday basis, the FBM KLCI rose 12.22 points to end the week at 1,555.33 from 1,543.11 previously.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BURSA 6.320

Comments

Login to comment.