KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives are expected to trade higher next week, tracking positive outlook of the underlying cash market.
Affin Hwang Investment Bank vice-president and head of retail research Datuk Dr Nazri Khan Adam Khan said Bursa Malaysia should take a higher track next week, supported by global boost in risk-taking sentiment.
He said the local market would very much be influenced by, among other, the delay in the US Federal Reserve’s rate hike, Euro stimulus and Greece relief.
“We believe the delay in the US Fed’s interest rate hike to be the biggest near-term catalyst for global equities,” he told Bernama.
On a Friday-to-Friday basis, contract month April 2015 fell three points to 1,838, May 2015 slipped one point to 1,836.5, June 2015 eased 1.5 points to 1,832, but September 2015 rose four points to 1,828.5.
Turnover for the week fell to 23,954 lots from 39,303 lots last week while open interest narrowed to 34,619 contracts from 67,231 contracts previously.
For the week just-ended, the benchmark FBM KLCI rose 9.79 points to 1,844.31. – BERNAMA